Shiba

Burn

Shiba Inu

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 <p>Crypto altcoins like <strong>Shiba Inu (SHIB)</strong> have been in the green entering this weekend, with market sentiment appearing bullish. Following whales beginning to offload their assets from exchanges to private wallets, it appears that whales are holding their Shiba Inu for the long term.</p>
 <p>Indeed, wallets of the top ten exchanges where the digital assets are concentrated are witnessing substantial withdrawals. Market intelligence platform Santiment shared that this in part causes momentum for the entire altcoin market. Specifically, Santiment underscored that such a trend has historically been considered a bullish indication, as whales traditionally move tokens to exchanges for sell-off.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="802" src="https://cdn.thebittimes.com/images/2023/12/23/df66570e47432daba53262e8bc011b7e.webp" alt="shiba inu price rise shib rocket" class="wp-image-120985" srcset="https://cdn.thebittimes.com/images/2023/12/23/df66570e47432daba53262e8bc011b7e.webp 1024w, https://cdn.thebittimes.com/images/2023/12/23/df66570e47432daba53262e8bc011b7e.webp 300w, https://cdn.thebittimes.com/images/2023/12/23/df66570e47432daba53262e8bc011b7e.webp 768w, https://cdn.thebittimes.com/images/2023/12/23/df66570e47432daba53262e8bc011b7e.webp 380w, https://cdn.thebittimes.com/images/2023/12/23/df66570e47432daba53262e8bc011b7e.webp 550w, https://cdn.thebittimes.com/images/2023/12/23/df66570e47432daba53262e8bc011b7e.webp 800w, https://cdn.thebittimes.com/images/2023/12/23/df66570e47432daba53262e8bc011b7e.webp 1040w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: WatcherGuru
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 <p>Furthermore, Shiba Inu burn data has disclosed an impressive 421% surge in burn rate within the last 24 hours. The combination of burning SHIB, increased whale activity, and the meme coin’s collaboration with D3 Global set Shiba Inu up for a potential bullish run to close out 2023.</p>
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 <p>At press time, Shiba Inu was trading at $0.00001084, and has seen upward momentum in the last 72 hours. SHIB’s global market cap sits at $6.4B, and its market volume is up 71.92% in the last 24 hours.</p>
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 <p><strong>Also Read: Shiba Inu Burn Climbs 400% With Shibarium’s 150M Transactions</strong></p>
 <p>Similarly, Shiba Inu’s top ten whales witnessed a $54.6 million reduction in their SHIB portfolio, reflecting a 2.7% decline.</p>
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<div class="cs-entry__tags">
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  <li>shib</li>
  <li>shiba inu</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-bullish-following-whale-relock-for-long-term-tbt74568.html">https://thebittimes.com/shiba-inu-bullish-following-whale-relock-for-long-term-tbt74568.html</a></p>

Shiba Inu Bullish Following Whale Relock For Long Term

TheBitTimes

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