Recent analytics report has revealed a good sign for bullish SHIB traders
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The data it shared shows that a positive move on the market has just happened for bullish traders of these three cryptocurrencies.The tweet published by the aforesaid data source earlier today shows that the supply of SHIB, LINK, and ETH held by whales on cryptocurrency exchanges has drastically shrunk since May 27.
The top ten wallets on these networks have seen their holdings plunge – SHIB went down by 2.4%, LINK dropped by 2.9%, and ETH decreased by 8.6%. The analytics team of Santiment underscored that decreasing exchange supplies are generally believed to be “a long-term bullish sign” for traders.has shared that within the last 24 hours, the burn rate of this popular meme cryptocurrency has seen a notable increase of 1,460.86%.There has been seven burn transfers conducted so far, according to the data shared by this wallet tracker. In total, the SHIB community has managed to dispose of 110,885,723 Shiba Inu meme coins.
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