A new report by blockchain sleuth Whale Alert claims that in the last 24 hours, its bots have located a substantial amount of Shiba Inu meme currencies valued at around $40 million in currency.
Shiba Inu price prints massive decline
Who is responsible for this massive SHIB transaction has been made clear by information obtained from the previously indicated data source. In the meantime, SHIB, the second-biggest cryptocurrency inspired by memes, is declining.
About 7% of its value has been lost in the previous 24 hours, and since the weekend, SHIB has had a 13% reduction, dropping from $0.00000986 to the current $0.00000858 level.
https://x.com/whale_alert/status/1749465838883676345?s=20
Trillions of SHIB on move
Whale Alert recently shared information on X/Twitter regarding 4,276,568,835,013 SHIB meme currencies being exchanged as this enormous SHIB lump was transferred between unidentified blockchain addresses. This is comparable in fiat currency to a whopping $37,950,271.
The transaction was started by one of the internal wallets of the Bitvavo exchange, which is located in the Netherlands, and it was transferred to a wallet associated with Bitvavo, according to the transfer details supplied by the aforementioned cryptocurrency tracker. The bitcoin trading platform may have rearranged its cryptocurrency holdings as the cause of this.
Significant SHIB movements have also been seen lately. Justin Sun, the creator of Tron, bought about 80 billion SHIB on Binance and removed it from circulation along with a number of other cryptocurrencies, such as LINK and FLOKI, a meme coin that competes with Shiba Inu.
Anonymous whale burns 100 million SHIB
The head for social media marketing at Shiba Inu and a key part of the team, Lucie, has turned to Twitter and X/XL to identify the whale that has burnt a whopping 100,000,000 SHIB in the last 24 hours.
The total amount of meme coins moved to unspendable wallets within this time span, according to Shibburn statistics, is 146,261,497 SHIB. The biggest portion, weighing 100 million, was transported here in a single transfer. The Shib Dream NFT collection’s issuer, the @theshibdream Twitter account, is said to have burnt all those millions of SHIB, according to Lucie’s tweet.
https://x.com/LucieSHIB/status/1749536538742943892?s=20
According to the Shibburn website, the total number of burns that have occurred since yesterday morning has increased the daily SHIB burn rate by 459.57%.
