Why Shiba Inu (SHIB) Price Can Surge Again?

By Ashish Kumar
February 14, 2022 Updated February 14, 2022
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There is so much going on for the Shiba Inu (SHIB) community to send the coin to the Moon. BNB whale has purchased around 139B Shiba Inu tokens while Steven Cooper has announced that his company will burn 240 Million SHIBs in a scheduled event. On the other hand, SHIB has officially announced a new upcoming Twitter Spaces AMA event.

  • Crypto whales buys over 139 Billion coins

Crypto whales are not stopping to show their love for the meme coin. In a big, a Whale Investor bought 139,929,254,883 SHIBs (139B) worthen over $4.3 million on the Binance Smart Chain-based PancakeSwap.

At the time of the purchase, the SHIB price was trading at an average price of $0.00003026, however, due to certain corrections in the Bitcoin, Shiba Inu (SHIB) has also plunged a bit.

As per WhaleStats, Shiba Inu has overturned Polygon (MATIC) to become the most traded coin by 1000 largest Ethereum wallets. Data revealed by the WhaleStats, the top ETH whales hold over 54.640 Trillion SHIB tokens which are worth around $1,722,780,849.

  • Big SHIB token burn event ahead

Steven Cooper, an owner of Bigger Entertainment, has dropped many burn notifications in the past. In the recent announcement, he said that his company will burn 240 Million SHIBs during the burn event scheduled for this Valentine.

However, Steven has already revealed that he has already burned over 130 million SHIBs in the past 7 days.

Helping SHIB to surge the official Twitter handle of SHIB burn also revealed that almost 164 million tokens have been taken out of the SHIB total circulation by the Shiba Inu (SHIB) community and that in the last 7 days.

  • SHIB schedules event with crypto enthusiast amid Super Bowl

As per reports, over 410,302,245,724,285 which makes its 41% of the total SHIB tokens are burnt till now from the initial supply.

Meanwhile, to increase the excitement among Shiba Inu holders, SHIB has declared some upcoming events with famous crypto influencer WatcherGuru. SHIB’s has put out the date over the event but has announced the time yet.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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