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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 growth. As SHIB continues to realize momentum, its value has surged whereas its burn charge has skilled a major improve.

Robinhood Delisting Announcement

Robinhood not too long ago revealed its plan to finish help for Cardano (ADA), Solana (SOL), and Polygon (MATIC) on June 27, 2023. The determination follows the corporate’s assessment 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), could have influenced Robinhood’s determination. Yesterday, 4 Trillion SHIB tokens have 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 obtainable on its platform, together with SHIB and Dogecoin (DOGE).

Shiba Inu Price Movements

Over the previous hour, SHIB’s value 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 formidable 211,140,844 SHIB tokens have been burned, reflecting a major improve of 3874.12% within the burn charge. This burn charge surge signifies a deliberate discount within the provide of SHIB tokens, doubtlessly 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 newest hourly replace, the worth of SHIB stands at $0.00000619. Shiba Inu’s survival of the Robinhood delisting transfer has offered a ray of hope for SHIB holders and lovers.

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