what is here shiba inu [SHIB] Holders should know before selling

For the past few days, Shiba Inu investors are in a happy mood. For many, SHIB appears to be on a positive tangent. Whale accumulation, exchange listings and updates are giving launch holders good reason to rejoice.

Let us go meme to start

SHIB investors are looking to make the most of the crypto-markets recovery in July. SHIB has been witnessing some steady improvement over the past few days. At press time, SHIB was trading at $0.00001103 after tracking a 4.10% price increase in 24 hours. Uptick can be attributed to several announcements on the Shiba Inu network of late.

The Shiba Inu has also recently crossed the $6 billion market cap. This has enabled mem-based encryption to move within touching distance of the likes of avalanches and polygons. In fact, a recent report even confirmed an increase in Shiba Inu whale transactions. Supply distribution by balance at addresses confirmed that different whale classes are accumulating.

Furthermore, SHIB recently entered the top 500 Ethereum whales in USD terms. The recent whale accumulation has led to the widespread participation of SHIB tokens among whales.

He is not everything. Coins.ph, the largest crypto-exchange in the Philippines, has delayed the launch of the Shiba Inu on its platform. Previous reports claimed that the exchange would issue the meme currency on July 13, but this has since been delayed.

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A recent tweet from the exchange later promised that SHIB would be launched “very soon.”

There’s also a new update to the burning portal from the acclaimed burn tracker portal – Shibburn. The site claims that over 767 million SHIB tokens were sent to the Dead Wallet in the last 24 hours.

Furthermore, in the past week alone, 1.2 billion SHIB tokens have been burned in over 104 transactions.

Source: Shibburn

conclusion

The Shiba Inu is striving to build a strong foundation for a strong Bull Run. Investors can expect growth during the mini rally in July. Several factors on the network allowed it to reach its ATH back in November 2021. Only time will tell if it can hit its ATH again.



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