'Dogecoin Killer' Shiba Inu Spikes 6%, As Burn Rate Explodes By 16,856%
Portfolio Pulse from Khyathi Dalal
Shiba Inu (SHIB) has spiked 6% following a significant increase in its burn rate by 16,856%. Major whale movements were observed, including large transfers from Robinhood and Coinbase. The surge in transaction volume and daily active addresses indicates growing interest in SHIB.
June 12, 2024 | 6:04 pm
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POSITIVE IMPACT
Coinbase transferred 9 trillion SHIB, including 5.55 trillion SHIB worth $126.6 million, indicating substantial whale movements.
The large transfer of SHIB from Coinbase indicates significant whale activity, which could lead to increased trading volume and interest in the platform.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Robinhood transferred 600 billion SHIB, worth $13.7 billion, to an unknown wallet, indicating significant whale activity.
The large transfer of SHIB from Robinhood suggests significant whale activity, which could indicate increased trading volume and interest in the platform.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80