Shiba Inu Coming to Canada With Major Partnership, XRP Tops $0.8 After Price Spike, Dormant SHIB Wallet Awakens to Help Burn 113 Million SHIB: Crypto News Digest by U.Today
TL;DR A dormant wallet with 113 million Shiba Inu (SHIB) tokens has been activated and transferred to an address that is believed to be a burning address. The wallet has been inactive since 2021, when the token was issued in the initial coin offering (ICO). This move could help reduce the circulating supply of SHIB tokens, potentially resulting in increased demand for the token and a price surge.
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Shiba Inu's official Twitter handle has recently announced that it is heading to Toronto, Canada, in collaboration with Welly, a unique fast-food chain. The duo is joining forces to take part in ETHToronto, the official hackathon of the Blockchain Futurist Conference that is scheduled for Aug. 13-17, 2023. The collaboration is expected to provide Shiba Inu with an exceptional networking platform, enabling it to reach a larger audience and possible investors. Meanwhile, SHIB continues to struggle with market fluctuations and is currently changing hands at $0.000007868, per CoinMarketCap data.
XRP tops $0.8 after major price spike
According to data provided by CoinGecko, the price of XRP token saw a significant increase to $0.80, spiking more than 7%. The spike follows the key court decision regarding Ripple, as the judge ruled not to classify all sales of XRP as securities, signifying a major legal victory for the San Francisco-based company. However, even with such an impressive price surge, XRP is still far from its all-time high of $3.40 reached in January 2018. Also, it is worth noting that the overall verdict remains unresolved.