NewsletterShiba Inu Token Surges 10% Following Major Whale Activity
Shiba Inu meme coin saw significant whale accumulations amid the broader crypto market recovery in the last few weeks, bringing nearly 20% SHIB price rally in a month. In another big whale transaction, a whale has withdrawn 600 billion Shiba Inu (SHIB) tokens with millions from crypto exchange Binance, as per on-chain data.
Whale Buys 600 Billion SHIB Tokens
According to data by Lookonchain on December 4, a fresh whale wallet withdrew 600 billion SHIB tokens from crypto exchange Binance. The large Shiba Inu tokens move is worth $5.7 million, much larger than other whale transactions recently.
Moreover, the same whale withdrew 250 billion SHIB tokens worth $2.3 million from Binance last week. The whale accumulation triggered speculation about the price pump and SHIB price jumped 5%.
Meanwhile, SHIB burn fell 90% in the past 24 hours. A total of 108,618 SHIB tokens were burned in four transactions. Shiba Inu community remains committed to burning SHIB to reduce its circulating supply, with 1.3 billion SHIB burn in November.
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SHIB Price Jumps 10%
Shiba Inu ecosystem tokens witnessed rally in the last 24 hours, with tokens jumping more than 10%. This comes due to whale accumulation and a broader crypto market rally.
SHIB price jumped 10% in the past 24 hours, with the price currently trading at $0.00000931. The 24-hour low and high are $0.00000840 and $0.00000954, respectively. Furthermore, the trading volume has increased by 320% in the last 24 hours, indicating a rise in the interest of traders.
BONE price also jumped more than 11%, with the price currently trading at $0.77. The 24-hour low and high are $0.691 and $0.781, respectively.
Also Read: US Space Force Urges Bitcoin Adoption To US DOD, Cathie Wood And & Deaton Reacts
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