Trillions of SHIB Bought and Transferred Just Recently, Here's What Happened

$SHIB whales have bought trillions of ShibaInu in just couple of days. WhaleStats whale_alert memecrypto

This SHIB lump cost $38,870,101 in fiat currency. Such massive crypto transfers could be either a sign of an internal coin shift by an exchange, a purchase or whales redistributing their crypto between old and new wallets. No data from Whale Alert shows that this transaction was made by a crypto exchange.As reported by U.Today, over the past 24 hours, the burn rate of the Shiba Inu token after a poor performance shown over the weekend.

Half of that amount, 11.8 million SHIB, was removed by"Shib Super Store," a platform that uses the Amazon affiliate program to burn Shiba Inu, using commission fees obtained from sales. It is possible that the SHIB price is preparing for a breakout should buying pressure on the token increase. At the time of this writing, the asset is changing hands at $0.00001166, however, dropping by nearly 3% in the last 24 hours.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Utoday_en /  🏆 295. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

‎Trillions on Apple PodcastsThe ETF has revolutionized investing. But the idea initially had skeptics in very high places. Listen on Apple Podcasts:
Read more »

Shiba Inu (SHIB) Trading Volume Jumps 60% as Price Nears Trigger PointShiba Inu (SHIB) trades 60% more as price nears key threshold $SHIB ShibaArmy SHIBCommunity Shibainu
Read more »

Shiba Inu Coin (SHIB): A Beginner’s Guide for 2023Renewed interest in $DOGE, spurred by elonmusk and the Official_WSB subreddit, breathed new life into meme coins in 2021. Following the explosive success of Dogecoin, investors began looking for the next viral sensation. Enter ShibainuCoin.
Read more »

SHIB Burn Rate Drops Hard Despite Strong Efforts of Shiba Inu CommunitySHIB army striving to burn as many meme coins as they can, but it is still not enough to reduce current supply
Read more »

Shiba Inu (SHIB) Community Speculating About Shibarium Release DateWill the much-anticipated layer-2 solution be launched on Feb. 14?
Read more »

Shiba Inu (SHIB) Not Ready to Give Up, Technical Data ShowsApparently, $SHIB has way more resilience than the market anticipated as the token successfully bounces off of the local level and potentially gets ready for a breakthrough attempt
Read more »