December 25, 2023 11:08 AM | 1 min read
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
Self-proclaimed ‘Dogecoin (CRYPTO: DOGE) killer’ Shiba Inu’s (CRYPTO: SHIB), burn rate spiked over 5000% within the past 24 hours. A total of 53 million SHIB tokens have been permanently withdrawn from circulation.
What Happened: According to data from Shibburn, two anonymous addresses executed transactions directing upwards of 50 million SHIB tokens to a designated burn address. Notably, these tokens were transmitted in two separate tranches, each consisting of 25 million SHIB.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!
An analysis of the blockchain transactions over the last day has revealed a surge in activity from SHIB whales, including 47 large transactions, data from IntoTheBlock reveals.
Furthermore, since October up to the present, data from Glassnode has indicated a growth in Shiba Inu, with more than 30,000 new non-zero SHIB addresses being recorded.
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: As of October, there were 1.33 million non-zero Shiba Inu addresses. That number has climbed to 1.36 million, at the time of reporting. The rise in non-zero addresses means increasing engagement and adoption of the token.
Cryptocurrency analyst Ali Martinez on Saturday said, “Since November, there’s been a massive withdrawal of over 8 trillion SHIB from known crypto exchange wallets – that’s valued at approximately $88 million.”
Price Action: At the time of writing, SHIB was trading at $0.000010, down 0.24% in the last 24 hours, according to Benzinga Pro.
Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
This news is republished from another source. You can check the original article here
