Shiba Inu

<ul><li>Shiba Inu&#39;s supply on exchanges decreases, suggesting less selling interest among holders.</li><li>Shibarium network&#39;s activity surged, with over 93.6 million transactions processed.</li><li>Significant SHIB token burns were reported, potentially impacting future market dynamics.</li></ul>Recent reports indicate that Shiba Inu, frequently referred to as the Dogecoin Killer, has experienced a significant reduction in its exchange supply. This trend, observed over the past month, points to a possible change in the market dynamics of this widely known digital currency.Subsequently, data from cryptocurrency analyst Trader_Kamikaze revealed that the supply of Shiba Inu on exchanges has dropped by 0.51% since November 12, bringing the total to 7.85%. This reduction in available supply on trading platforms indicates a reduced inclination among SHIB holders to sell their tokens. Such a trend typically leads to lower selling pressure, potentially paving the way for future price increases.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/5c7123e11b824c4f8727742d64fb83f5.png" />Simultaneously, the Shibarium network, which<a href="https://www.binance.com/en/feed/post/1293704104122" rel="noopener noreferrer nofollow"> supports</a> the Shiba Inu token, has seen a surge in its daily transaction count, reaching 7.84 million on Monday. Since its mainnet launch four months ago, Shibarium has successfully processed approximately 93.6 million transactions and over 2.08 million blocks mined. Presently, the network boasts 1.3 million unique wallet addresses.Read full article at <a href="https://cryptotale.org/shibarium-thrives-as-shib-supply-tightens-on-exchanges/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Shibarium Thrives as SHIB Supply Tightens on Exchanges

CryptoTale

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