A Shiba Inu Whale Just Bought 551 Billion SHIB: Last Time They Did That, SHIB Pumped 1,100%
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) has seen a significant increase in its burn rate and daily transactions, indicating potential bullish momentum. A notable transaction involved a whale buying 551.4 billion SHIB tokens, reminiscent of a previous purchase that preceded a 1,100% price surge. The total burned supply now stands at 410.7 trillion out of 589.4 trillion tokens. The Shiba community is optimistic about the token's price potentially erasing one zero.
February 23, 2024 | 10:26 pm
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A Shiba Inu whale's purchase of 551.4 billion SHIB tokens and a significant increase in the burn rate indicate strong bullish momentum for SHIB. The community is optimistic about the token's future price action.
The purchase by a whale, combined with a dramatic increase in the burn rate, historically led to a significant price surge for SHIB. Given the optimistic community sentiment and the potential for the token's price to erase a zero, these factors are likely to contribute positively to SHIB's short-term price movement.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100