Whales Withdrew Trillions of Meme Coins from the Stock Exchange: What Does This Mean?

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According to Whale Alert’s data, a large amount was transferred from the cryptocurrency exchange Bitvavo. Shiba Inu token release took place. According to the data, the number of tokens released from the exchange was 4,584,530,677,374.

This exit from the exchange was a ray of hope for the meme coin, which lost one place on CoinMarketCap. In this context, the community drew attention to the transfers in question and underlined that “something big” might be on the way. drew.

As Koinfinans.com reported, new wallets have also joined the Shiba Inu buying frenzy. According to @0xNerdBot’s post, more than 18 billion newly installed wallets have been installed in the last two weeks. SHIB took. In addition, the bot also drew attention to the fact that a fresh whale bought 292.53 billion SHIB worth $ 2.13 million from the Coinbase exchange in the last three weeks.

Shiba Inu Killing Rate Skyrockets

Over the past 24 hours, the Shiba Inu army has managed to make significant progress in burning SHIB coins. During this latest period, a total of 50,430,344 SHIBs were transferred to dead wallets. This means that the burn rate increases by 50%.

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