Shibburn in the last 24 hours Shiba Inu reported a staggering 803.4% increase in cremation rate. A total of 10.343 million SHIB tokens were burned during this time, marking a significant increase in the Shiba Inu community’s ongoing efforts to improve the tokenomics of SHIB.
Increase in SHIB burning inspired by memes cryptocurrency They have become a focal point for Shiba enthusiasts as they actively contribute to reducing the circulating supply of the unit. The Shiba community’s determination to burn SHIB tokens has intensified, with recent data indicating a significant acceleration in the burn rate.
Great Whale Activity
In parallel, the crypto community has become fascinated with the increase in whale activity surrounding the Shiba Inu cryptocurrency. Whale Alert, a leading blockchain monitoring platform according to, a staggering 4.221 trillion SHIB tokens were transferred between wallets of unknown origin. This massive movement of SHIB between wallets triggered increased speculation and interest among crypto market watchers.
🚨 🚨 4,221,063,241,898 #SHIB (42,040,382 USD) transferred from unknown wallet to unknown wallethttps://t.co/2eK4XvYi9r
NEWS CONTINUES BELOW— Whale Alert (@whale_alert) December 6, 2023
Specifically, market statistics reveal that an unknown wallet address identified as 0xceb6b2bc…d04eedbe59 initiated the transfer in question. While the receiving wallet was identified as 0xda2d9398…95bbe536f9, it is now under scrutiny as the crypto community tries to decipher the reasons behind such a significant transaction.
Koinfinans.com As we reported, recent developments in the Shiba Inu community are in line with the broader positive momentum the SHIB token is witnessing in the market. Despite experiencing a modest decline of 4.02% in the last 24 hours, the SHIB token, whose price currently stands at $0.000009519, has demonstrated resilience with an overall increase of 16.17% over the past 30 days.
Market analysts speculate that these activities, including increased burning and significant whale transactions, may have contributed to the recent rise in the value of the SHIB token. As the Shiba Inu community continues to be dynamic and relevant, the market eagerly awaits further developments that may impact SHIB’s trajectory in the coming days.