According to information graciously given by Etherscan, owners of anonymous wallets have moved several SHIB lumps totaling around 30 billion meme coins over the course of the last 60 minutes.
The majority of these were transferred to and from Binance, the largest global trading platform by volume.
26.6 billion SHIB on the move
Etherscan detected ten significant Shiba Inu transactions as they went from 1.5 billion SHIB to 7.5 billion Shiba Inu meme currencies. After what appear to be purchases, 1.5 billion SHIB and 7.5 billion SHIB were transferred from Binance to anonymous wallets.
To sell their meme coins, additional whales wired 1.6 billion and 2 billion SHIB to Binance wallets. In addition to those transfers, Etherscan discovered that five unidentified whales made equally large transfers totaling 2.9 billion, 4.3 billion, 3.9 billion, 2,9 billion, and 5.4 billion.
There have been transactions totaling 26.6 billion Shiba Inu coins.
SHIB burn rate drops heavily
The rate at which Shiba Inu coins are destroyed has significantly decreased during the last 24 hours, according to the Shibburn site. According to data from this website, there were 24,283,650 SHIB withdrawn from circulation as of today, down from almost 90 million Shiba Inu on Monday, a decrease of 73.11%.
There have been a total of seven transactions that have sent SHIB to dead-end wallets. Approximately 16 hours ago, 13,636,523 SHIB, the biggest piece, was burnt, according to information provided by the aforementioned source.
But in little over 140 transactions to defunct wallets over the past month, the Shiba Inu community was able to remove 915,371,832 SHIB from the active supply.
SHIB has slipped to 19th position on CoinMarketCap as of this writing. The well-known meme coin is presently trading at $0.000007755 after falling 1.4% during the previous day.
