The post Whale Transactions Spike For Shiba Inu (SHIB) and Rollblock (RBLK) Drawn By Deflationary Tokenomics, FLOKI Struggles Continue appeared on BitcoinEthereumNews.com.

Rollblock (RBLK) continues to record substantial whale crypto transactions, thanks to its deflationary design and unmatched revenue share benefits. Shiba Inu price has also seen a slight resurgence courtesy of the soaring burn rate. Sadly, RBLK and SHIB‘s good fortunes weren’t repeated on FLOKI. The SHIB “killer” continues to wallow in a 9-week bearish run. Learn why Rollblock (RBLK) is the blockbuster token drawing massive crypto transactions ahead of SHIB and FLOKI Shiba Inu price rebounds over 30% The recent crypto wipeout swept Shiba Inu price to monthly support in the $0.00001 region. However, SHIB staged a more than 30% rebound by mid-August, rising to touch the $0.000014 daily resistance. That’s amidst a rocketing SHIB burn rate. So far, the SHIB team has burned 41% of the total supply. Scorching over 410.7 trillion SHIB tokens has left the network with 583 trillion SHIB. That has sparked renewed interest and engagement, resulting in large SHIB crypto transactions as daily active addresses spike. It remains to be seen whether the Shiba Inu price will sustain its recovery and break out of a nearly 5-month bearish run. FLOKI battles bearish crypto transactions for weeks FLOKI hit an ATH of $0.000349 in June but has been battling a bearish momentum in the past nine weeks. The August 5 crypto massacre found FLOKI in a struggling position, tossing it down to the $0.000095 region. FLOKI tried to push a rebound but faced sharp rejection at the $0.00014 level.  Per Binance data, FLOKI was down over 42% in the past 90 days, with its woes exacerbated by a nearly 34% monthly squash. Currently, FLOKI hovers at the $0.00011 zone, a more than 68% far cry from ATH. FLOKI continued to record low-beat crypto transactions on Aug. 15, with its trading volume sliding nearly 8%. Rollblock (RBLK)…

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Filed under: News - @ August 17, 2024 12:21 pm