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Increase in Shiba Inu Value Leads to Significant Movement of 28 Billion SHIB to Major Exchanges
- Recent data reveals a movement of 27.6 billion SHIB.
- Anonymous wallets shift 17 billion Shiba Inu to leading exchanges: Binance and Coinbase
- Large volume of SHIB purchased on Binance, including 1.1 billion SHIB acquired via jump trading
Recent information provided by Etherscan highlights notable transfers of Shiba Inu meme coins that occurred in the last few hours. A total of 27.6 billion Shiba Inu were transferred across five transactions, with the most significant transfer amounting to 10 billion SHIB.
Anonymous wallets facilitated the movement of around 17 billion Shiba Inu to addresses linked to major cryptocurrency exchanges, specifically Binance and Coinbase. Additionally, 6,039,968,812 SHIB were dispatched to a Coinbase 10 wallet, while an anonymous whale transferred 9,988,799,999 SHIB to a Binance 14 wallet.
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Source: Etherscan
Shiba Inu whales moving SHIB after surge
It seems that these specific amounts of Shiba Inu were intended for sale by their holders. However, the data indicates that a greater volume of SHIB was purchased, including 1,140,690,612 SHIB obtained on Binance through Jump Trading.
Moreover, 6,039,968,812 SHIB were sent from the Binance 14 wallet to an anonymous address, and 4,569,449,905 SHIB meme coins were transferred between two unknown addresses. Last week, Whale Alert, a well-known crypto tracking service, reported two significant transfers of Shiba Inu, each involving the movement of 3,811,233,843,288 SHIB tokens from an anonymous address to a new wallet.
According to recent data from Shibburn, the burn rate of SHIB has seen a remarkable increase of over 1,000% in the past 24 hours. A total of 15,487,160 SHIB coins were eliminated during this timeframe. The SHIB community remains actively engaged in burning these meme tokens, effectively taking them out of circulation by sending them to inactive wallets.
