Shiba Inu (SHIB) has lately experienced a notable surge in the network following its strategic token burning in the blockchain. Trading at $89.6K, an anonymous whale made headlines after reactivating his dormant wallet. Meanwhile, DTX Exchange (DTX) steals the spotlight with its mind-blowing presale performance and groundbreaking technological advancements.
SHIB Daily Burn Rate Hits Massive Milestone
As one of the most popular memecoins, the Shiba Inu price has recently witnessed an explosive increase in its daily burn rate. According to data from Shibburn (a platform tracking SHIB token burns), the daily burn volume surged by a jaw-dropping 3,676%, reaching a total of 53.31 million SHIB tokens in a span of 24 hours alone.
The sudden spike in the burn rate has positively surged the Shiba Inu price, which has gone up by over 8% in the last 24 hours, bringing its current trading price to $0.0000027. Analysts are optimistic about its potential to reclaim higher price levels, especially if the burn rate sustains its upward trend in the coming weeks.
Source: TradingView
On the bigger time frame, traders should pay attention to the daily closure regarding the $0.000024 level. If it happens and the bar closes near its low, the correction may lead to a test of the $0.000021-$0.000022 range soon. On the weekly chart, the Shiba Inu price has caused a false breakout of the resistance at $0.000029.
Bitcoin Whale With Million-Dollar Gains Transfers First BTC
In a surprising turn of market sentiment that has caught the attention of the entire crypto community, a 2011 Bitcoin wallet has transferred out its first BTC in over a decade. On Tuesday, Blockchain data tracker Whale Alert reported that a dormant address containing ‘426 BTC’ worth $36.62 million was activated after 13 years.
Lookonchain also backs this data, reporting the first move by this Bitcoin whale. According to the platform, this wallet, which held 426.3 BTC valued at approximately $36.6 million, transferred 42.3 BTC worth $3.67 million after 13 years of dormancy. This wallet originally received its 426.3 BTC on July 29, 2011, when Bitcoin was trading at $13.49 per token only.
Back in 2011, the value of the BTC stash was only $5,753. However, as of today, this comes up to a whopping 636,437% gain for the wallet holder. Transactions from early Bitcoin addresses are uncommon, raising questions about why the whale moved the funds after so many years. Some think that it might be a move toward selling a portion of the holdings in response to the recent market surge.
Presale Superstar DTX Exchange (DTX) Beats Shiba Inu
DTX Exchange’s surging demand among bullish investors has made it the most operational and purchased altcoin in the deFi sector. The platform offers a diverse range of 120,000 trading instruments. DTX Exchange is built for experienced investors as well as novice traders to benefit from its highly rewarding platform and enticing benefits.
The platform equips traders with the most robust reference material within the platform. DTX Exchange offers a wealth of charts, graphs, and analytical tools, which empower traders to make the best possible decisions and stay ahead of the curve in the volatile crypto market. As a rewarding platform, DTX Exchange gives DTX holders a percentage of the trading fee revenue generated by the platform.
DTX Exchange Insider Reveals Why You Should Buy It Now
This deFi project began its presale at a minimal price of $0.02, which gradually took off and is now selling at $0.08. Given this price surge over the course of time, now is the ideal time to join its skyrocketing presale and bag a heap of tokens to secure high-ticket profits as the exchange advances to its next presale round by next week.
As BTC price is enjoying new ATHs and SHIB burns cross limits, DTX Exchange (DTX) is poised to become the next Solana in the market based on its stark growth and widespread adoption among investors. If you’re on the lookout for a successful crypto project with high upside and potential airdrops in the future, join DTX Exchange now!
Learn more:
