Data recently released by Etherscan indicates that significant transactions of Shiba Inu meme coins were observed less than an hour ago. Overall, five trades totaling 27.6 billion Shiba Inu were shovelled.
The biggest SHIB lump that was moved here was 10 billion SHIB. According to Etherscan, anonymous wallets transferred almost 17 billion Shiba Inus to addresses connected to Binance and Coinbase, the two biggest cryptocurrency exchanges.
28 billion SHIB bought and sold
To a Coinbase 10 wallet, a total of 6,039,968,812 SHIB were sent. An unidentified whale transferred 9,988,799,999 SHIB to the Binance 14 wallet. These two Shiba Inu pieces appear to have been transported by their owners for sale.
However, according to the aforementioned data source, more SHIB was purchased. Through Jump Trading, 1,140,690,612 SHIB were purchased on Binance. The Binance 14 wallet sent 6,039,968,812 SHIB in total to an unidentified address.
Shiba Inu meme coins worth 4,569,4490,905 were transferred from one unidentified address to another.
Shiba Inu were the subject of two big transfers last week, each of which included the transfer of 3,811,233,843,288 SHIB from an anonymous address to a brand-new wallet.
SHIB price and burn rate jump
Shibburn recently released data showing that the burn rate of SHIB increased by over 1,000% during the previous 24 hours, resulting in the destruction of 15,487,160 SHIB canine coins.
These meme tokens are gradually being burned by the SHIB community, which moves them into dead wallets and out of circulation. The ultimate objective is to generate a degree of scarcity for SHIB, which would permit a significant price increase, by drastically reducing the circulating supply.
The community has reportedly succeeded in taking 410,649,283,181,166 SHIB off the market and locking them in non-spendable wallets as of this writing, according to the Shibburn website. The current total number of SHIB in circulation is 578,990,220,290,515. In addition, 10,360,496,528,318 SHIB are locked in staking processes right now.
Shiba Inu was able to increase by just under 2% during the previous 24 hours. The SHIB price rise, however, was far larger over the weekend—it was greater than 7%. It’s already been destroyed.
