Shiba Inu News – 8.5 Trillion Shiba Inu Moved, SHIB Burn Rate Declines

Shiba Inu Coin News – The second-largest meme cryptocurrency, Shiba Inu (SHIB), has seen a significant rise in value in the past week. According to a tweet from whale alert, a whale moved nearly 3 trillion Shiba Inu tokens across wallets. The transaction was valued at $26.3million.
Both addresses are inactive, and they are relatively new. These wallets do not contain any other tokens than SHIB. According to WhaleStats, SHIB is no more the largest holding among top 100 largest Ethereum whales.


SHIB burns down by 41%
According to the ShibBurn data the Shiba Inu’s coin burn rate has fallen by 41% over the past 24 hours. Despite the large transfer of SHIB to whale wallets, the burn rate coin is declining. SHIB developer “Shib Trophias” shared an update on the project’s progress recently, but did not name it. To facilitate content flow, the developer stated that the project would be launched in phases. The announcement also includes the possibility of linking SHIB transfers from one wallet to another.

WhaleStats’ data shows that the top 1,000 ETH whales have a total of $32.1million in SHIB. Their next largest holdings are Oracle blockchain Chainlink, (LINK), worth $11million, and Decentraland (MANA), worth $6.7 million.
Trending Stories

Shiba Inu Live Prices
According to coinmarketcap data the live Shiba Inu cost is $0.000009 USD and the 24-hour trading volume at $83,113,182 USD. The SHIB price has risen by 1.70% over the last 24 hours. It currently has a market cap of $5.112,441,649 USD. It has a total supply of 549.063,278,876,302 SHIB coin. There is not enough supply.


About the author

The content presented may contain the author’s personal opinion and may not reflect current market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.

Crypto Stories
View all