Shiba Inu to Be Used by Binance.US in Voyager Deal

The price of Shiba Inu (SHIB), the second-largest meme cryptocurrency in the world, has not changed significantly over the previous 30 days. The latest market collapse has caused the SHIB price to continuously decrease. However, a recent development has piqued interest in the SHIB, which may drive up the price.

The Shiba Archives claim that Binance intends to increase its holdings by including additional SHIB currencies. The biggest cryptocurrency exchange in the world will attach a SHIB worth $76 million in advance.

Meanwhile, Binance.US reportedly made an offer to acquire the assets of Voyager Digital. Reports show that the bid was worth about $1.022 billion. This massive potential deal comes amid heightened criticisms of the exchange’s reserve claims.

According to Voyager, Binance.US made the highest and best offer for its assets. Further consideration of up to $20 million in incremental value is also included in this agreement.

According to Nansen, Binance would add Shiba Inus and other assets valued at $76 million to its offer to purchase Voyager. Additionally, $255 million in Ethereum (ETH) and $62 million in VBX tokens will be added.

Shiba Inu Burn Rate

Shiba Inu burn rates have increased by 600% in the last 24 hours, according to statistics from Shibburn. In just four large transactions, 27.2 million Shiba Inu coins were burned, according to the tracker. Meanwhile, the market valuation of the second-largest meme cryptocurrency is currently above $4.5 billion.

The price of Shiba Inu has decreased by 8% over the last 30 days. However, over the past 24 hours, SHIB’s price has somewhat increased. At the time of publication, Shiba Inu traded for an average price of $0.0000008 and had a $58 million 24-hour trading volume.

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