The Amount Of Trading In SHIB Is Experiencing A Huge Increase

Key Points:

• Shiba Inu trading volume has increased by up to 110% in the last 24 hours.
• The fundamental reason behind this is that when Shibarium Codes are released on GitHub, investors discover new ways to make money, causing FOMO among community members.

The trading volume of Shiba Inu has surged by as much as 110% in the last 24 hours, according to data provided by CoinMarketCap, as the SHIB cryptocurrency continues to garner attention in the community.

Recent times have seen rapid growth in the overall trading volume of SHIB, which is currently being carried out. The primary reason behind this is that when Shibarium Codes are released on GitHub, investors discover new ways to make money, which in turn causes fear of missing out (FOMO) among community members.

This token has been steadily climbing back up and making new highs ever since it hit a low of $0.0000079 on December 28. This asset has now marked a string of five “green” days in a row, all within the span of one week. In addition, Ethereum whales had a role in this price increase. WhaleStats reports that the token is one of the most often purchased cryptocurrencies by whales.

The token that will benefit the most from this meme coin, other than me, will be BONE because it will be the only token required for paying gas expenses when Shibarium is implemented. BONE has seen a price increase of 11.76% in the previous twenty-four hours, and it is currently trading at $1.12. Similarly, throughout the course of the previous twenty-four hours, the trading volume of BONE surged by 105%.

In addition to the positive catalysts described above, there was also a 33.53% increase in the amount of tokens that were burned. Over the course of the previous twenty-four hours, a total of 113,660,903 SHIBs have been burned, and seven transactions have been completed.

In the year 2022, a total of 83,347,071,504 Shiba Inu tokens were consumed, and there were 6,395 transactions.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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