Shiba Inu back to whales' radar after more than 500 million SHIB were burned last week ShibArmy SHIBCommunity Shibburn
Recent hours have seen several transactions carrying SHIB being burned, resulting in a rise in the burn rate. At the time of publication, the SHIB burn rate was up 272.56%, while 86,410,488 SHIB had been burned within the last 24 hours, per the Shibburn website.In the last hour, an unknown address sent 60,775,594 SHIB tokens to be burned in a single transaction.
Whales resumed accumulation once more after recent profit-taking that led to a significant decline in Shiba Inu's price. As reported earlier by , retail holders were seen scooping up the SHIB dumped by large investors. However, the current whale buy-up is still yet to be felt in the general balance of the top 100 Shiba Inu holders owing to prior profit-taking.
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