🚨 Official announcement from the Shibarium team!! I’ll explain it to you below!! 🔥
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👇 What are we going to talk about in today’s SHIBA video?
⏰ CHAPTERS:
0:00 Shiba Inu News.
1:15 According to crypto wallet tracker WhaleStats, several hours ago, the main Ethereum investor “the blue whale” made a purchase of 186 billion Shiba Inu.
2:30 The consumption rate of Shiba Inu remains around the levels we witnessed during the last three months.
4:06 I don’t know if people say you will need the Shiba Inu Coin, literally, this is a layer 2 blockchain.
5:26 Your entire focus will encompass supporting Shiba Inu and its growth.
6:52 You just have to focus on what Cal says, we can’t even trust unification, because the Shiba Inu Coin Twitter account is the only official source.
7:12 Shiba Inu Conclusions.
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👇 Give me more information about today’s video👇
Official announcement from the Shibarium team.
Shiba Inu and BONE have been doing very well during the last 24 hours, The Twitter account of the Shibarium network finally published information about the platform, in this it was mentioned that, at the moment an exact launch date is not known, but the news is affecting the price of the Shiba Inu Coin, as well as the value of BONE, we will talk about this and much more in today’s video, if this is something you are interested in knowing, don’t miss a second of this new material.
According to crypto wallet tracker WhaleStats, several hours ago, the main Ethereum investor “the blue whale” made a purchase of 186 billion Shiba Inu. This amount of coins is equal to 1.6 billion dollars.
ShiBBurn’s Twitter account has shared the results of Shiba Inu burns, which have taken place in the last 24 hours. The amount of tokens destroyed turned out to be small again, unlike the first days of the new year.
The price performance of Shiba Inu, which we witnessed at the beginning of the year was surprisingly solid, as the token managed to climb back to the local resistance level of the 50-day moving average. However, the lack of trading volume over the weekend, caused the rally to fade and concluded the upward momentum. According to the token’s daily chart, Shiba Inu could suffer a downward reversal as soon as significant selling pressure occurs, which may not happen in the foreseeable future, considering the huge selling pressure Shiba experienced in 2022.
Some indicators even suggested that the majority of Shiba Inu investors, have capitulated, which makes the asset a good choice for whales, who are willing to actively accumulate the token, without worrying about the sudden onset of strong selling pressure, which would lead to the end of the recovery rally.
The consumption rate of the token remains around the levels we witnessed during the last three months, and the situation may not change until the cryptocurrency market recovers. Trader operating volume remains the main source of burn volume for Shiba Inu. According to the most recent blockchain data, it is too low to provide a noticeable amount of fuel for investors to consume.
At the time of publication, Shiba Inu trades at a level close to what we saw in June 2022, which is considered a local low for the token. The trading volume and fund composition currently, show that there is no significant buying power in the market, therefore, the breakout attempt we are seeing now may not be successful, and the token will return to the usual consolidation range.
