Claim Giveaway Token Proof of Reserve

Shiba Inu Determined to Recover Following FTX Crash

  • Three transactions from FTX alone resulted in the transfer of 800 million SHIB.

  • The total amount of SHIB burned in the last 24 hours was over 12 billion.

12-Nov-2022 By: Simran Mishra
Shiba Inu Determined

Shiba Inu (SHIB), the meme token depicting a Japanese guard dog, 

Has resurfaced as the talk of the town. 

The dogecoin killer coin was one of many altcoins that suffered as a result of's demise. A few days ago, whales transferred almost 1.5 trillion SHIB from several exchanges.

FTX transferred 800 million SHIB with just three transactions containing large amounts of Shiba Inu. As per reports, 183 billion SHIB has been transmitted to an unknown wallet. Furthermore, 108 million SHIB were transferred from one anonymous wallet to another.

SHIB surpassed Solana (SOL) in market capitalization, although the lead was short-lived since SHIB deviated from its long-held $0.00001 value. As per CoinGabbar statistics, the token's current value is $0.0000096, and the trading volume in the last 24 hours is $1.21 billion.

Optimistic Shiba Inu Community

Despite the fact that the crypto market situation is not good for the SHIB, the community remains committed. They are highly optimistic about the recovery from the FTX crash. Shiba Inu's technical team is also working to widen the origin.

SHIBBURN is popular among SHIB members since it is their go-to option for maintaining the token's balance. The total amount of SHIB burned in the last 24 hours was over 12 billion.

ShibaEternity's recent release has also fueled a large fan base, and the L2 Shibarium is just around the corner. The Shibarium layer two blockchain has been under development for over a year, and Shytoshi Kusama has hinted that it would be available by the beginning of this month.

Read also: DOGECOIN PRICE ANALYSIS CMP- $0.08550: Will the dead cat bounce?

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