SHIB Burns Skyrocket 2,076%, Three XRP Price Levels to Keep Eye On, Nearly $500 Million in Ethereum Moved to Justin Sun-Linked Wallet: Crypto News Digest by U.Today

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As an experienced financial analyst, I find the current crypto market scenario fascinating and full of potential opportunities. Let me share my insights on the three top stories that have emerged over the past day.

U.Today presents the top three new stories over the past day.

SHIB burns skyrocket 2,076% after recent SHIB announcement

Yesterday, according to Shibburn’s report, the Shiba Inu community managed to significantly boost the SHIB burn rate. Working together, we, the dedicated SHIB supporters, sent a substantial amount of 40,067,872 SHIB tokens to be incinerated. Although this quantity may not seem impressive, it led to an astounding increase in the burn rate by approximately 2,076%. The largest single burn event saw the destruction of 20,000,000 SHIB, while the second biggest one wiped out 1,693,629 SHIB. This surge in the burn rate occurred following Lucie, Shiba Inu’s marketing lead, sharing tantalizing glimpses into the future developments of Shibarium between 2024 and 2025. The planned advancements included ShibaSwap (versions 1.75 and 2.0), Shibahub, Treat, ShibaEternity P2E, SHIB the Metaverse, K9finance Liquid Staking, and a Layer-3 testnet.

XRP brutal reversal: 3 price levels to watch

XRP has encountered a harsh rejection at the 200 Exponential Moving Average (EMA) resistance point in recent trading. After trying to maintain equilibrium, XRP underwent a significant reversal from this moving average, hinting at potential troubles for the asset. Currently, XRP is priced at $0.52, a robust support level. Historically, whenever the token’s value reached this threshold, it has rebounded. The next noteworthy price floor is $0.47, which acts as a long-term support level for XRP. A drop below this level would be concerning and could potentially indicate a more extended market downturn for the asset. An additional, albeit fragile, line of defense lies at $0.41. Should XRP fall to this point, it might result in an extended period of decline that traders hope the token can avoid. To experience growth, if XRP manages to stay above these critical support levels and begin rising, it must first regain its position above the 200 EMA.

Nearly $500 million in Ethereum transferred to Justin Sun-linked wallet

As a researcher, I’ve come across an intriguing finding from Lookonchain’s recent post. Yesterday, a wallet associated with TRON founder Justin Sun, identified as 0x4359, reportedly withdrew approximately 7,128 ETH, equivalent to around $22.34 million, from Binance. Furthermore, this wallet has amassed an impressive amount of 154,570 ETH since April 8, worth roughly $492.23 million at the average price of $3,177.

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2024-04-26 19:56