The post How a Shiba Inu Millionaire Sees $750 Turning Into $1 Million With This New Token appeared on BitcoinEthereumNews.com.
As the cryptocurrency scene progresses, investors are redirecting their attention from speculative meme tokens to utility-focused projects that have concrete real-world uses. This article will examine a recent instance of this trend—a prominent Shiba Inu (SHIB) millionaire shifting their focus to a new token, Rexas Finance (RXS), an innovative blockchain platform ready to transform asset tokenization. Why Shiba Inu millionaires Pick Rexas Finance as The Next Million-Dollar Token While SHIB faces declining prices and reduced investor activity, Rexas Finance is gaining traction with its innovative ecosystem that enables fractional ownership of real-world assets like real estate, commodities, and artwork, attracting Shiba Inu millionaires. Shiba Inu Price Decline And Whales Activity Shiba Inu price shows signs of stagnation dropping by 6.80% over the past week, to trade today at $0.0000206. Still, this trend is explained by the rising whale sell-offs. For instance, according to Lookonchain data, anonymous SHIB whale liquidated 250 billion tokens worth $6.05 million this week. This whale, who initially purchased 15.28 trillion SHIB in August 2020 for just $3,800, has already realized $109 million in profits. Such large-scale sell-offs have negatively affected retail sentiment, adding to the token’s downward pressure. Shiba Inu Price Chart Additionally, blockchain data reveal that, active addresses associated with SHIB have substantially declined in number. Decreased activity suggests waning user interest, which could further pressure SHIB’s price downward. Moreover, the SHIB burn rate recently decreased by 90%, prompting concerns among investors regarding the token’s future availability and worth. Analysts estimate that trading volumes might decline, potentially driving the token’s value back to its previous low of $0.000015 unless there is a significant resurgence in demand. Rexas Finance: A New Player in Real Real-world Asset Tokenization Attracting Shiba Inu Millionaires Rexas Finance (RXS) is a promising RWA token, attracting the attention from Shiba Inu millionaires…