One of the most popular crypto money projects of the last period Shiba Inu (SHIB) is coming. Despite the ups and downs of the project, its popularity is too high to be ignored. Also, the meme coin team is working on a few updates that could lead to positive price movements.
The FTX crash took a huge toll on the cryptocurrency market. Almost all cryptocurrencies lost value in the market. Popular cryptocurrencies such as BTC and ETH have lost value amid the chaos. One of the depreciating coins is SHIB.
On the other hand, whales also show great interest in SHIB. According to details from Etherscan, a whale moved 1.8 trillion SHIB to the Binance exchange.
Whales carry trillions of meme coins
Koinfinans.com As we reported, the unnamed whale carried over $16.5 million in SHIB in a single transaction. Etherscan’s transaction history reveals that 1.8 trillion Shiba Inu were previously moved from Crypto.com to the anonymous whale in two transactions. Whale later moved some of the SHIB to Binance.
In addition, the world’s largest crypto exchange Binance moved 499.9 billion SHIB two days ago, according to Etherscan data. Binance is currently undergoing a crypto reserve audit. SHIB movements are also thought to be part of the same audit.
Burns in the last 24 hours
A tracking platform that actively burns SHIB and can track the amount of SHIB tokens burned by the Shiba Inu community. shibburn According to data shared by the website, the Shiba Inu Community has burned 13,474,632 (13 million) SHIB coins in 6 different burns over the last 24 hours. This amount is 58% lower than the previous day.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.