According to data shared by the Etherscan Blockchain TrackerIn the past few hours, anonymous whales have transferred tens of billions of Shiba Inu meme coins to major US-based crypto exchanges Coinbase and Kraken.
According to data shared by the Etherscan Blockchain TrackerIn the past few hours, anonymous whales have transferred tens of billions of Shiba Inu meme coins to large US-based crypto exchanges Coinbase and Kraken.
Whales deposit 41 billion SHIB
These mysterious SHIB holders have transferred 17,314,576,827 SHIB to a wallet marked Coinbase 10 and 24,011,203,422 SHIB to Kraken. The trust equivalents of these SHIB packages are $296,079 and $410,591.
These transfers took place while, over the past 24 hours, the second-largest meme cryptocurrency, Shiba Inu, has shown a 3% decline, falling to the $0.00001711 price level. While SHIB continues to trade sideways this week, struggling to reclaim the $0.00002 mark, whales have been selling their Shiba Inu holdings to avoid further monetary losses.
Yuri MolchanSHIB burn rate soars
Data provided by the Shibburn Tracking Platform shows an impressive 1,072% increase in the burn metric over the past 24-hour period.
In total, 19,761,244 SHIB have been transferred to non-fungible wallets since yesterday morning. This progress has been achieved thanks to five SHIB burning transactions. The two largest transfers transported 6,942,000 SHIB each to dead-end blockchain addresses, and were made by the same anonymous wallet five hours ago.
