An anonymous wallet moved nearly half a trillion SHIB to another address.
Over 3 trillion are being purchased. Details supplied by Etherscan suggest that approximately half a billion Shiba Inu were sent in a single transaction from one Binance wallet to another. This value is worth $4,186,887.
Exchanges and whales have recently gotten active, trading big amounts of Shiba Inu. On October 18, a significant amount of SHIB was transferred to a blank wallet, which included 3,388,119,787,804 meme coins.
As a result, the market may have seen the rise of a new SHIB whale. This many meme coins are worth $34,887,130.
A recent data of Etherscan also shows that a colossal 417,436,468,992 SHIB was moved slightly in the last 24-hour. Meanwhile, the total amount of SHIB burned in the last 24 hours has dropped precipitously.
According to a recent tweet from the Shibburn Twitter account, which tracks the withdrawal of SHIB from the circulating supply, only 10,343,321 Shiba Inu coins have been burned in the last 24 hours.
The latest data from their website indicates an amount twice as large–25,991,998 SHIB, indicating that the meme coin’s burn rate has climbed by 649.92%.
