Whale Alert, which tracks cryptocurrency transfers, found two trillion dollars from Robinhood to an unknown wallet Shiba Inu detect transfer did. These transactions took place approximately 10 hours ago and attracted the attention of the community.
As Koinfinans.com reported, expectations for SHIB are bullish. One of the reasons for this is the burning of 2 billion people in April.
🚨 875,000,000,000 #SHIB (19,666,682 USD) transferred from #Robinhood to unknown wallethttps://t.co/hxSvwFxC0E
— Whale Alert (@whale_alert) May 1, 2024
NEWS CONTINUES BELOW
Crypto analyst Ali Martinez tweeted on Wednesday that the second biggest meme coin The Shiba Inu announced that it has formed a bull flag on its daily trading chart.
He predicts that SHIB is aiming for a major bullish breakout at $0.000072323 and has placed several buy orders around $0.000018343.
Artificial Intelligence Commented: What Will Shiba Inu Do in May?
In the last 24 hours, the Shiba Inu price is trading at $0.00002314, an increase of over 9%. However, the ensuing decline brought it down to $0.000002182, or a 5.68% decline.
In April, the Shiba Inu community did an impressive job of reducing the total circulating supply of SHIB by burning 1,695,717,536 SHIB, according to a new tweet by the Shibburn explorer.
In his tweet, Shibburn emphasized that these people lost their investments and called on the cryptocurrency community to be careful and double-check target wallets before making transactions.
🔥🔥🔥 1,695,717,536 $SHIB tokens have been burned in the month of April with 204 transactions. #SHIB
Attention: Most of the $SHIB that were burnt this month were being sent to the Contract Address. This isn’t due to any big news or anything as many reported… it’s just folks… pic.twitter.com/QPk09fWit3
— Shibburn (@shibburn) May 1, 2024
As for the new daily burns, in the last 24 hours the SHIB army destroyed 2,027,495 meme tokens, failing to keep the SHIB burn rate in the green (-11.80%).
