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Shiba Inu (SHIB) Large Transactions Jump 173%, What’s Happening?
Recent Key SHIB performance metrics have raised concerns among investors. The team’s recent pullback could be triggered by SHIB’s underwhelming performance, which has led to a drop in its ranking from 16th to 17th place.
Despite the marginal difference in market capitalization of less than $100 million, this change has caused significant concern within the community. Some members have been unimpressed with the ecosystem’s deflationary moves, as the burn rate recently plummeted to record low levels. Daily burn rates, which had previously seen a massive 95% decline, are now down to an astonishingly low 964,000 tokens.
These numbers are unprecedented and raise questions about the long-term viability of SHIB’s tokenomics. The community is in shock as this drastic drop has led to many investors questioning the future potential of the ecosystem.
Recent events have led to a surge in large transactions, with a jump of 173%. This unusual activity could be indicative of either whales consolidating their positions or new investors entering the market.
As we continue to follow these developments, it is crucial to pay attention to the market capitalization and ranking.
Source: https://u.today/shiba-inu-shib-large-transactions-jump-173-whats-happening
