Shiba

Burn

Shiba Inu

Coin

<ul class="news-points"> 
 <li>SHIB’s bullish trend stalls near $0.00000892, with a 0.19% drop, but whale activity surges, signalling a potential rally.</li> 
 <li>Whale transactions spiked by over 500% in 24 hours, moving $25 million worth of SHIB in 33 transactions.</li> 
 <li>The daily burn rate skyrockets by 282%, eliminating 6.64 million SHIB tokens, enhancing scarcity and potential value.</li> 
</ul> 
<a href="https://coinedition.com/tag/Shiba-Inu-SHIB/">Shiba Inu (SHIB)</a> has been bullish over the previous 24 hours, despite starting the day with negative momentum. However, bullish momentum faded after failing to break through the intra-day high of $0.00000892, causing a fall to $0.000008842 by press time, a 0.19% drop from the day’s high. 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/zrJLCpnlhM8HG0R-LJNFwyDCVWOqvGgEIAbbPEEKCVsx0BbaPig3Y5rvsi-rrEufs2yGQmkbpbJbGKiSGb7qnTC4_lG0ZQ5PXz_NvEOjMj-6yyH5WS7pN3qejFLRXpv7a4iOS-ixvCi1O9RG5W2XrlM" alt="" style="width: 100%;height:auto">
 <figcaption class="wp-element-caption">
 SHIB/USD 24-hour price chart (source: <a href="https://coinstats.app/coins/shiba-inu/" target="_blank" rel="nofollow">CoinStats</a>)
 </figcaption>
 </figure>
</div> 
<h2 class="wp-block-heading" id="h-shiba-inu-s-whale-activity-and-burn-rate">Shiba Inu’s Whale Activity and Burn Rate</h2> 
Concurrently, Shiba Inu has had an uptick in whale activity and burn rates, signalling a vibrant period of transactions and potentially setting the stage for a rally.&nbsp; 
According to IntoTheBlock’s data, <a href="https://app.intotheblock.com/coin/SHIB" target="_blank" rel="nofollow">transactions</a> exceeding $100,000 increased, escalating from 544 billion SHIB tokens to 2.82 trillion within 24 hours.&nbsp; 
This leap represents a more than 500% increase in transaction volume, moving from a valuation of $4.88 million to $25 m…
The post <a href="https://coinedition.com/shiba-inu-price-will-500-surge-in-whale-activity-lead-to-an-imminent-shib-rally/">Shiba Inu Price: Will 500% Surge in Whale Activity Lead to an Imminent SHIB Rally?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Shiba Inu Price: Will 500% Surge in Whale Activity Lead to an Imminent SHIB Rally?

Tabla de contenidos

Coin Edition

Otros artículos publicados el 7 feb 2024

Here’s what Solana’s yearly inflation rate means for SOL price

Analyst Warned: “There May Be a Short-Term Decline in the Cryptocurrency Market Due to the FED”

This Crypto Exchange CEO Just Got Served a 7-Year Prison Sentence

South Korea to enforce major crypto regulatory overhaul in July

SEC Takes Action Against Crypto Firm TradeStation

Why Ripple (XRP) Is Poised to Reach $10 Soon?

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!