"Shiba Inu Plummets as Investors Flock to New Token, Rexas Finance"

Generated by AI AgentCoin World
Thursday, Feb 20, 2025 2:36 pm ET1min read

Shiba Inu, the popular cryptocurrency, has experienced a significant decline in recent months, with its price and trading volume dropping substantially. The coin is currently trading at $0.000016, having lost 33.45% over the past thirty days and 14% last week. This abrupt drop in SHIB's value has raised questions about the cause of the change in investor attitude. Some analysts suggest that another token may be siphoning off SHIB's largest backers.

On-chain data reveals a 699.84% increase in seven-day outflows, indicating that major investors are unloading substantial token volumes. A staggering 7.5 trillion SHIB has been outflowed, further supporting the possibility of redistribution or sell-offs by significant investors. The 200-day SMA is $0.00001960, and the 50-day SMA is $0.00002138, both indicating a downtrend for SHIB. The general drop in investor excitement for SHIB points to something forcing the largest holders to change their minds.

The emergence of a new token, Rexas Finance (RXS), has been identified as a possible cause of SHIB's slowing speed. Positioned as a revolutionary asset in the crypto arena, Rexas Finance (RXS) enables users to tokenize practically any real-world asset, from real estate and art to goods and intellectual property. It has already raised a staggering $45.35 million and is currently in its last presale level, stage 12, priced at $0.20. The token's success can be largely attributed to its original tokenization method, a growing field of importance on the blockchain. Rexas Finance (RXS) appeals to serious investors with its sense of control and security, allowing one to tokenize assets anywhere and anytime.

Market analysts believe that a clear change in investor mood is the cause of SHIB's fall, as many of its largest holders are now transferring their capital into Rexas Finance (RXS). The increasing popularity of the token, especially among large-scale investors who once possessed major Shiba Inu holdings, confirms this tendency. The flood of investors into Rexas Finance (RXS) has raised its worth, with its presale being rather popular. Rexas Finance's Certik audit strengthens its reliability and confidence among