Binance To Add $76M Of SHIB; Is Shiba Inu Coin Price Pump Near?

Shiba Inu News: Shiba Inu Coin, the world’s second largest meme cryptocurrency price hasn’t seen much price action over the past 30 days. SHIB price is on a constant decline due to the recent market collapse. However, a recent update has landed in the interest of the Shiba Inu coin which can pump its price ahead.

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Can this positive Shiba Inu News Pump It?

According to the Shiba Archives, Binance is planning to boost its holding by adding more Shiba Inu coins. The world’s largest crypto exchange will be attaching $76 million worth of SHIB ahead.

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Coingape reported Binance.US made a bid to take over Voyager Digital assets. The press release mentioned the deal worth around $1.022 billion. However, this huge announcement came amid growing criticism over its reserves.

Voyager stated that Binance.US offered the highest and the best bid on its assets. This deal also carries an additional consideration of up to $20 million worth of incremental value.

Nansen reported that in the bid to acquire Voyager assert, Binance will add $76 million worth of Shiba Inu with other assets. It will also be adding $255 million of Ethereum (ETH) and $62 million of VBX tokens.

SHIB Burn rate skyrockets

Coingape reported that the Shiba Inu coin burn rate skyrocketed by 600% over the past 24 hours. As per the tracker, 27.2 million Shiba Inu coins have been burned in just 4 mega transactions.

The second largest meme crypto is still holding a market cap of more than $4.5 billion.

Shiba Inu Coin price is down by 8% over the past 30%. However, SHIB price is marginally up over the last 24 hours. Shiba Inu is trading at an average price of $ $0.000008, at the press time. It is holding a 24 hour trading volume of $58 million,

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.