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Title: 1.9 Trillion SHIB in 24 Hours: What’s Really Happening?
As the cryptocurrency market continues to experience significant fluctuations, a recent surge in SHIB price has left many wondering what’s behind this incredible growth. In just 24 hours, the meme-based cryptocurrency has seen an astonishing $1.9 trillion in trading volume.
To better understand the context and potential implications of this event, I spoke with top analyst, Burniske. According to him, the recent Solana (SOL) price drop can be attributed to the impending token unlock. He suggests that large unlocks have historically caused price corrections as some investors choose to sell off newly available tokens due to concerns about future drops.
While it’s true that a portion of SOL holders may decide to take profits or exit their positions ahead of the unlock, it’s essential to consider other factors influencing the market’s current behavior.
Source: u.today
