December 27, 2023 12:06 AM | 1 min read
“Finish 2023 Strong With 3 Hot Stock Ideas – Practically Free”
Ready for your shot at the next potential 32%, 39% or 45% gains in today’s market? You’re about to miss Stock Expert Gianni Di Poce’s 3 latest stock ideas… Ones that could shift your entire wealth-building journey. If you’re ready to end 2023 strong with 12 hot stock ideas every single month. ACT FAST.
Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer’ Shiba Inu (CRYPTO: SHIB) layer-2 solution Shibarium burn rate is up 1600% in a single day as 131 million SHIB were permanently removed from circulation.
What Happened: According to Shibburn, a platform dedicated to tracking the token’s burn rate, two significant transactions contributed to this surge – one removing 123 million SHIB and another 2.5 million SHIB from circulation.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!
The Shiba Inu ecosystem has also observed substantial movements by SHIB whales. On Monday, a transaction involving a SHIB whale transferring SHIB tokens valued at $46 million to an unidentified wallet came under the spotlight.
Cryptocurrency analyst Ali Martinez said last week, “Since November, there’s been a massive withdrawal of over 8 trillion $SHIB from known crypto exchange wallets – that’s valued at approximately $88 million!”
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: Shibariumscan, SHIB’s blockchain explorer, reported a consistently high volume of transactions. Since December 1, Shibarium, Shiba Inu layer-2 solution, has been handling over five million transactions daily.
Notably, the last 24-hour period saw Shibarium record over 7.53 million transactions.
Data from IntoTheBlock reveals that over 21% of holders are in profit at the current price, while 21% are breaking even. Over, 58% are currently facing losses.
Price Action: At the time of writing, SHIB was trading at $0.000010, down 1.16% in the last 24 hours, according to Benzinga Pro.
Image via CryptoFX on Shutterstock
Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
“Finish 2023 Strong With 3 Hot Stock Ideas – Practically Free”
Ready for your shot at the next potential 32%, 39% or 45% gains in today’s market? You’re about to miss Stock Expert Gianni Di Poce’s 3 latest stock ideas… Ones that could shift your entire wealth-building journey. If you’re ready to end 2023 strong with 12 hot stock ideas every single month. ACT FAST.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
