Shiba Inu News: 8.5 Trillion Shiba Inu Moved; SHIB Burn Rate Declines
Shiba Inu Coin News: Shiba Inu (SHIB), the world’s second-largest meme cryptocurrency, has experienced a significant increase in value over the last week. As per the recent tweet from whale alert, an unidentified whale transferred nearly 3 trillion Shiba Inu tokens between wallets, valued at $26.3 million.
Both addresses are inactive and relatively new. These wallets contain no other tokens besides SHIB. Notably, SHIB is no longer the largest holding among the top 100 largest Ethereum whales, according to WhaleStats.
SHIB burn down by 41%
As per the ShibBurn data, the Shiba Inu coin burn rate is down by 41% in the last 24 hours. The burn rate coin declines despite the massive transfer of SHIB among whale wallets. Recently, SHIB developer ‘Shib Trophias’ shared an update about the project’s completion without naming it. The developer also stated that the project will be launched in phases to aid in the content flow. SHIB transfer from one wallet to another can be linked with the recent announcement.
According to WhaleStats’ on-chain data, the top 1,000 ETH whales own a total of $32.1 million in SHIB. Their next largest holding is Oracle blockchain Chainlink (LINK), which is worth $11 million, and gaming metaverse protocol Decentraland (MANA), which is worth $6.7 million.
Shiba Inu Live Price
As per the coinmarketcap data, the live Shiba Inu price is $0.000009 USD, and the 24-hour trading volume is $83,113,182 USD. SHIB price has increased by 1.70% in the last 24 hours, with a live market cap of $5,112,441,649 USD. It has a total circulating supply of 549,063,278,876,302 SHIB coins. There is insufficient supply.
- Binance’s Changpeng Zhao Takes on Senator Elizabeth Warren On False “Fraud” Allegations
- Trump Tariffs: Crypto Market Volatility Looms As US President Terminates Trade Talks With Canada
- Coinbase CEO Says Market Structure Bill Will Pass by Year-End Despite Government Shutdown
- Breaking: Trump To Meet China’s President On October 30, Bitcoin Bounces
- Breaking: Trump Pardons Binance’s Changpeng “CZ” Zhao, BNB Spikes
- Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide
- Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 Next?
- Ethereum Price Poised for Breakout as Wyckoff Re-Accumulation Meets BlackRock’s $110M Purchase
- BNB Price Prediction as Analysts Eye $1500 Ahead of Fresh Coinbase and Robinhood Listings
- XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
