📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
Analysis: SHIB surged and then fell back, Whale reducing position pressures the short-term market.
PANews May 21 news, according to CoinDesk, the price of Shiba Inu (SHIB) rose 16% this month but quickly fell back to $0.00001457 after reaching $0.00001492. Despite a 24-hour burn rate skyrocketing by 106,040%, on-chain data shows that Whale net outflows have decreased by 311%, and active addresses have dropped by 68% since last December. The current range of $0.000014–$0.000015 has become a key support resistance zone, and the technical outlook remains in a downward channel, with a short-term rebound likely facing significant breakeven selling pressure.