Shiba Inu While the community continues their burning at full speed, they managed to achieve a remarkable burning rate in the last 24 hours. While 39,833,293 tokens were burned in the burns led by two anonymous wallets, the burn rate jumped by 208.98%.
As we reported as Koinfinans.com, the Shiba Inu killing rate was zero the day before. To give detailed statistics, while a minus 100% decrease was recorded compared to the previous day, only 4,718,135 tokens were burned.
Earlier this week, on Monday, 59,981,448 SHIBWith the burning of , the burning rate increased by more than 425%. This marks the highest jump in this key metric in the past few weeks, with the burn rate at 100% or slightly higher.
Whale Alert also detected a huge transfer of 4,575,030,677,374 SHIBs worth $31,629,474 at the time of the transaction. did.
🚨 🚨 4,575,030,677,374 #SHIB (31,629,474 USD) transferred from unknown wallet to unknown wallethttps://t.co/XGDF6Frfgi
NEWS CONTINUES BELOW— Whale Alert (@whale_alert) October 17, 2023
According to data, Shiba Inu whales hold a dominant position, controlling 64% of the circulating SHIB supply (635.5 trillion tokne). Moreover, the number of these addresses is only 12.
On top of these, there are 47 wallets, each containing 0.1% to 1% of the supply – a total of 14.22% valued at approximately 140 trillion SHIB tokens. Thanks to this high coin density, every transaction carrying trillions of SHIB can create a ripple effect in the market.