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In a jaw-dropping move, the self-proclaimed 'Dogecoin Killer' Shiba Inu (SHIB) has experienced an astronomical surge of over 27,500% in its token burn rate within the last 24 hours📈 ecosystem? What's causing this wildfire in the Shiba Inu
Massive Token Burn: 9 Billion SHIB Removed!
A staggering 9 billion SHIB tokens intentionally pulled out of circulation in the past 24 hours🚀 Data from Shibburn, a Shiba Inu burn tracker, reveals that undisclosed entities strategically moved 9.5 billion and 30 million SHIB to a "dead wallet," effectively reducing the circulating supply.
Whales Make Waves: Surge in Large Transactions!
Blockchain analytics platform IntoTheBlock reports a whopping 1,300% surge in large transactions by SHIB whales within the same timeframe🐋 A total of 62 whale transactions, each holding at least $100,000 worth of SHIB, have contributed to an aggregated volume of 9.38 trillion SHIB, equivalent to nearly $89.88 million.
📊IntoTheBlock's Insight: "SHIB whales make a splash with 62 transactions and 9.38 trillion SHIB volume!"
Shiba Inu's Strategic Move:
Amidst this frenzy, Shiba Inu's lead developer, Shytoshi Kusama, announces a strategic move in a tweet: "We're working with @D3inc to by applying for the .shib TLD." 🌐 This move aims to expand the .shib domain, enabling diverse online functionalities.
🔗Kusama's Vision: ".shib domain for websites, blogs, stores, emails, digital assets, Web3 platforms, and online identity authentication."
🚨Why It Matters: Shiba Inu's Ecosystem Evolution! This surge in burn rate and whale activity, coupled with the strategic move to #InvadeTheInternet, underscores Shiba Inu's evolving ecosystem. Investors and enthusiasts are closely watching as Shiba Inu continues to make headlines.
🔥Stay Tuned for More Updates! Follow US for Real-time Crypto Insights!!🌐💡
PEPE Team is Set to Distribute $500,000 to Binance Users
On November 20, the PEPE team moved 418 billion tokens, worth approximately $500,000, into the Binance wallet. The team had clarified that the tokens would be distributed to users on the exchange through different campaigns. Which could trigger bullish action among retail investors.
"418B PEPE tokens are about to be transferred from the team wallet. These tokens are being sent to binance Earn and will be rewarded to Binance users through various campaigns over the coming months that we are excited to share with you!" PEPE team.
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