🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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Details 👉 https://www.gate.com/post/status/13217654
2️⃣ #GateTravelSharingAmbassadors# | Share Your Journey, Win Rewards
Gate Travel is now live! Post with the hashtag and sha
Shiba Inu (SHIB) is a decentralized ecosystem focused on providing Web3 solutions. Its core technologies include the Shibarium blockchain, Alpha Layer scaling solutions, DeFi applications, NFTs, and Metaverse projects. The SHIB ecosystem aims to provide tools for government, enterprises, and individuals to transition from Web2 to Web3. Recent important news about SHIB: 1️⃣ Large-scale transfer draws market attention A significant transfer involving 30 trillion SHIB (approximately $37.8 million) has attracted widespread market attention. This fund was transferred from a large wallet, raising speculation about the potential price impact on SHIB. Large transfers are often seen as important indicators of market sentiment and may signal upcoming price volatility. 2️⃣ SHIB ecosystem expansion plan The SHIB team is actively advancing its expansion plans on mainstream blockchains such as Base and Solana. This strategic move aims to enhance SHIB's cross-chain interoperability and expand its application scenarios, thereby strengthening SHIB's competitiveness in the DeFi and Web3 sectors. The diversification of the ecosystem is expected to bring more users and liquidity to SHIB. 3️⃣ Surge in volume drives price increase SHIB has recently experienced a significant increase in trading volume, with daily trading volume at one point surpassing 48 trillion tokens. This unusually active trading activity pushed the SHIB price above the 200-day moving average, forming a short-term upward trend. The surge in trading volume is often seen as a signal of increased market interest, potentially indicating that more investors are entering or re-focusing on the SHIB market. From a technical perspective, SHIB breaking above the 200-day moving average is an important bullish signal, but investors should remain cautious of potential pullbacks in the short term. On the fundamental side, the ongoing expansion plan of the SHIB team may lay the foundation for its long-term development, but the specific implementation effects remain to be seen. This news does not constitute investment advice; investors should be aware of market volatility risks.