Dogecoin

Shiba Inu

<div class="watcher-guru"> 
 <p>Shiba Inu has gained significant traction as a successful meme coin. Competing closely with Dogecoin, the SHIB team has been actively involved in various community projects, leading to an increase in Shiba Inu market cap and price predictions.</p> 
 <p>In a striking revelation, crypto trader Ali has shared data indicating a substantial outflow of Shiba Inu from known cryptocurrency exchanges during the month of July. The data shows an astounding 3.30 trillion SHIB being transferred out of exchanges, with an estimated value of approximately $28 million.</p> 
 <p><strong>Also read:&nbsp;Dogecoin Army Buzzing with Anticipation After Elon Musk’s Tweet</strong></p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828227"></div> 
  </div> 
 </div> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <p>The spike in cold wallet withdrawals is happening at a time when the SHIB community is anticipating the launch of Shibarium.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">#ShibaInu | In July, 3.30 trillion $SHIB were withdrawn from known #crypto exchanges, worth around $28 million! pic.twitter.com/k5TWVMVzUh</p>— Ali (@ali_charts) July 31, 2023 
   </blockquote> 
  </div> 
 </figure> 
 <h2 class="wp-block-heading" id="h-shiba-inu-s-burn-rate-plummets">Shiba Inu’s burn rate plummets</h2> 
 <p>The Shiba Inu burn rate has been the subject of interest. It shows varying patterns with occasional significant increases and declines. However, in recent times, the burn rate has become more stable, consistently witnessing millions of SHIB burning daily. Nevertheless, the latest data shows otherwise.</p> 
 <p><strong>Also read: Dogecoin Eyes $0.1 Milestone, What’s Hindering the Surge?</strong></p> 
 <figure class="wp-block-image size-full"> 
  <img decoding="async" width="244" height="206" src="https://cdn.thebittimes.com/images/2023/08/02/3eddb3fb95ad63be257dbaefac915d67.webp" alt="" class="wp-image-104591"> 
 </figure> 
 <p>According to Shibburn, the SHIB burn rate experienced a notable decline of 36.5% in the past 24 hours. During this period, only 50 million SHIB went to dead wallets.</p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828233"></div> 
  </div> 
 </div> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>shib</li> 
  <li>shiba inu</li> 
 </ul> 
</div>

Shiba Inu Outflow Peaks: Trillions Moved to Cold Storage In July

Table of Contents

TheBitTimes

Other articles published on Aug 1, 2023

Ripple CLO Accuses Terra Judge of Misreading XRP Ruling

3 New Countries Could Join BRICS in the Next Summit

Expert Predicts Aggressive Impulse Of $10K For Bitcoin Price

Metaverse 2.0: Where the metaverse meets hyper-reality and infinite possibilities

Weekly Cryptocurrency Market Analysis: Altcoins Reach New Highs And Lows

Markets Start Session on Bear Activity as Bitcoin Gold Dominates

Join our free newsletter for daily crypto updates!