Popular American buying and selling platform Robinhood has introduced its determination to delist a number of cryptocurrencies from its platform. However, the main canine-themed cryptocurrency, Shiba Inu (SHIB), stays unaffected by this improvement. As SHIB continues to achieve momentum, its worth has surged whereas its burn charge has skilled a big enhance.
Robinhood Delisting Announcement
Robinhood just lately revealed its plan to finish help for Cardano (ADA), Solana (SOL), and Polygon (MATIC) on June 27, 2023. The determination follows the corporate’s evaluate of its cryptocurrency choices. Robinhood customers will nonetheless have the ability to purchase, promote, maintain, and switch SOL, ADA, and MATIC till the given deadline.
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While the precise causes for delisting weren’t disclosed, hypothesis means that recent lawsuits involving main exchanges like Binance and Coinbase, initiated by the United States Securities and Exchange Commission (SEC), might have influenced Robinhood’s determination. Yesterday, 4 Trillion SHIB tokens had been additionally moved to Binance.
Read About Lawsuit Agianst Binance And Coinbase..
Unlike ADA, MATIC, and SOL, Shiba Inu (SHIB) emerged unscathed from Robinhood’s delisting transfer. The platform clarified that the delisting determination wouldn’t have an effect on different cryptocurrencies accessible on its platform, together with SHIB and Dogecoin (DOGE).
Shiba Inu Price Movements
Over the previous hour, SHIB’s worth has surged by 5.88%, indicating a optimistic motion for the cryptocurrency. Moreover, the burn charge of SHIB tokens has skyrocketed over 3000% within the final 24 hours.
Over the previous 24 hours, a powerful 211,140,844 SHIB tokens have been burned, reflecting a big enhance of 3874.12% within the burn charge. This burn charge surge signifies a deliberate discount within the provide of SHIB tokens, probably contributing to elevated shortage and worth.
With a complete provide of 589,350,816,104,400 SHIB tokens, the challenge maintains a big circulating provide. As of the most recent hourly replace, the worth of SHIB stands at $0.00000619. Shiba Inu’s survival of the Robinhood delisting transfer has supplied a ray of hope for SHIB holders and fanatics.
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