Shiba Inu (SHIB) has been listed on Folks Finance to become the first meme coin that can be used via the Chainlink protocol for cross-chain lending and mortgages. Although the price of SHIB rose by 2% after the listing, it remains below the main resistance level. On-chain data shows that the top ten wallets hold 62.3% of the supply, raising concerns about its level of centralization. The token burning rate increased by 542% over 24 hours, while technical indicators show that sellers are dominating. Analysts pointed out that SHIB is in an accumulation phase, and if market sentiment improves, its price is expected to rise by 125%.
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Shiba Inu (SHIB) has been listed on Folks Finance to become the first meme coin that can be used via the Chainlink protocol for cross-chain lending and mortgages. Although the price of SHIB rose by 2% after the listing, it remains below the main resistance level. On-chain data shows that the top ten wallets hold 62.3% of the supply, raising concerns about its level of centralization. The token burning rate increased by 542% over 24 hours, while technical indicators show that sellers are dominating. Analysts pointed out that SHIB is in an accumulation phase, and if market sentiment improves, its price is expected to rise by 125%.