- Shiba Inu became one of the most-purchased tokens in the last 24 hours, as whales bought the token in droves.
- However, its network activity and daily addresses recorded a fall.
Према подацима које је поделио ВхалеСтатс, Схиба Ину [СХИБ] was favored by big addresses as it became one of the most purchased tokens among 100 biggest Етхереум [ЕТХ] whales in the last 24 hours. 341, 296, 045 SHIB coins worth $3,002 were snapped up by whales during the above period.
ЈУСТ ИН: $ СХИБ @Схибтокен се вратио на првих 10 купљених токена међу 100 највећих #ЕТХ китови у последња 24 часа 🐳
Погледајте 100 најбољих китова овде: https://t.co/N5qqsCAH8j
(и ходл $ББВ да видите податке за првих 5000!)#СХИБ #вхалестатс #бабивхале #ББВ пиц.твиттер.цом/9Б7лдк5и4н
— ВхалеСтатс (праћење крипто китова) (@ВхалеСтатс) Januar 10, 2023
Колико СХИБ можете добити за 1 долар?
However, whales’ interest was not backed up by the price action of the meme coin. At the time of writing, SHIB fell by 1.41% from the previous day, подаци од ЦоинМаркетЦап показао.
The drop marked an end to the brief rally observed since the beginning of 2023, during which the coin locked in gains of about 11%. The market cap also contracted by 1.31% until press time.
The burn is real
Схиббурн, which tracks the burn activity of Shiba Inu, showed that the burn rate dipped significantly. 13 million tokens were burned in the last 24 hours as compared to about 37 million registered on the previous day. In fact, the surge in burn activity was construed as one reason behind the price rise seen earlier.
The burn rate accelerated, riding high on the buzz surrounding the soon-to-be-launched layer-2 blockchain solution Shibarium. On 7 January, Shiba Inu developers најавила on Twitter that every transaction on the Shibarium network would result in a burn of SHIB tokens.
Схибариум Упдате 🧵
Док смо у нашем последњем посту желели да подсетимо све да КОСТ 🍖 служи као неопходан гасни токен за рад у Схибаријуму, сада бисмо такође желели да званично објавимо да сваки #Схибариум трансакција ће спалити 🔥 СХИБ.
1/2 🧵 пиц.твиттер.цом/зКРоОуЛ9оВ
— Схибариум Нетворк (@СхибариумНет) Januar 7, 2023
Coin burning has caught the eye of crypto enthusiasts as most platforms are looking to remove coins out of circulation to increase their value. Thus, it became evident why SHIB’s holders found the narrative appealing.
However, the rise in burn rate was also accompanied by some unusual activity. It was осматран that a single wallet burned 14 million SHIB, which was quite uncommon.
Shiba Inu network activity dips
This growth in new addresses failed to evoke any optimism as it contracted by 80% ever since reaching a high on 7 January, as per data provided by Santiment. The daily active addresses matched this trajectory and recorded a drastic fall. The sudden drop in network activity also contributed to the price fall.
Additionally, the social activity declined, which was reflected in the drop in the social dominance indicator of the meme coin. However, it started to rebound at press time, which was a good signal.
Да ли ваш фонд трепери зелено? Проверите СХИБ калкулатор профита
On the whole, SHIB observed a positive trend due to interest shown by whales and the announcement of new blockchain and metaverse projects. With more collaborations У плану, its perceived utility will be expected to increase and holders would be tempted to ignore short-term downsides.
Source: https://ambcrypto.com/whales-find-a-liking-for-shiba-inu-shib-but-its-a-burning-issue/