Shiba Inu (SHIB), the second largest meme coin by market cap, has broken its silence after a long hiatus with recent announcements and partnership news.
Shiba Inu investors note this date
According to the official Shiba Twitter account, the Shiba Inu community, called the “ShibArmy”, is preparing for an important announcement for March 30. The Shiba price is skyrocketing as we wonder what the update might be all about.
Shiba Inu, on March 28th It rose more than 18% to reach $0.0000296. It gained about 30% in March. SHIB is having its fourth consecutive day in green at $0.00002801, up 5.75% at the time of writing.
These developments triggered the rise of his last days
Shiba Inu recently made his debut on the Canadian crypto exchange Netcoins. Campaign preparations have started to burn SHIB and LEASH in the webshop of top fashion designer John Richmond. Now every purchase made using NOWPayments will burn 9% Shib and 1% Leash. In a March 26 tweet, the following statements were made that sparked the Shiba community:
We are honored to accept and burn SHIB and LEASH for our Johmrichmond online store. Each purchase will result in 9% Shib burning.
Similarly, all three companies have joined the SHIB burning trend through NOWPayments. SHIB and Doge Killer are now being tested on the burning gateway of the aforementioned platform. Welly’s Italian burger company, John Richmond clothing brand and Sorbillo’s pizza chain will use NOWPayments to burn some of SHIB revenues.
Shiba on-chain metrics
SHIB token burn tracker “Shibburn” tracker announced on Twitter that a total of 303,686,273 SHIBs were burned in five transactions in the past 24 hours. According to IntoTheBlock statistics, Shiba Inu whales have been closely followed in the last 24 hours, with a 349% increase in large transactions. Large transaction fluctuations are often linked to increased activity by institutional buyers and sellers, sometimes known as whales. According to IntoTheBlock, these transactions total more than $100,000.
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