A Shiba Inu Whale Moved $25.6 Million Worth Of SHIB In A Big Transaction — Here's Where The Crypto Went

The blockchain-tracking service Whale Alert reported on Saturday about a large Shiba Inu (CRYPTO: SHIB) transaction in which an unknown crypto whale moved more than 3 trillion SHIB tokens. According to the Whale Alert, the whale moved a total of 3,811,233,843,288 SHIB worth about $25.6 million from one unknown wallet to another unknown wallet.

Timeline of Shiba-inu

In the daily timeframe chart, the Shiba Inu (SHIB) price shows a significant upswing that started from $0.00000642. This rise in buying pressure has likely triggered buyers' interest in accumulating this Dog-themed memecoin at a discounted price.

Shiba Inu (CRYPTO: SHIB), the dog-themed, meme crypto, advanced strongly Sunday morning even as the rest of the cryptocurrencies flatlined. Sunday Surge: Shiba Inu, which ended Saturday's session flat at $0.0000070, began to spike early Sunday around 3:40 a.m.

In recent weeks, the burn numbers of Shiba Inu tokens have not been particularly great, especially in the past seven days. This is despite the growing optimism amongst investors about the ecosystem's prospects.

In a remarkable turn of events, the Shiba Inu token, SHIB, has witnessed a breathtaking surge in its price, leading to an astonishing number of tokens finally reaching their break-even point. Recent market data analyzed by IntoTheBlock reveals that over a trillion SHIB have regained their initial value as a direct consequence of the latest price action.

Introduction This report provides an analysis of the cryptocurrency Shiba Inu (SHIB) based on the latest data. The analysis includes a review of the current price, technical indicators, and moving averages. Price and Volume Overview As of 5:53 a.m. UTC on 18 June 2023, on Binance, the price of Shiba Inu (SHIB) is $0.

Shibburn wallet tracker has delivered the news that over the past seven days, the SHIB army has managed to destroy 85% fewer SHIB than a week before. The burn rate is deep in red both on a daily and weekly basis today.

An unknown crypto whale is suddenly moving more than three trillion Shiba Inu (SHIB) tokens as the altcoin market slumps. Blockchain-tracking service Whale Alert initially spotted the large Shiba Inu transaction. Whale Alert reveals that a deep-pocketed entity moved a total of 3,811,233,843,288 SHIB worth about $25.

Shiba Inu (SHIB), a cryptocurrency that has gained immense popularity and attention in recent months, is making waves once again as its price exhibits signs of recovery. This week, the SHIB price has displayed a promising uptick, maintaining a level above the $0.0000065 range.

Despite a slight rebound in price, shiba inu remained near its lowest level in 21 months during Friday's session. Overall, the global cryptocurrency market cap was marginally higher, climbing by 1% as of writing. XRP was an exception, dropping to a three-week low today.

According to the Shibburn wallet tracker that collects data on SHIB burns on Etherscan, within the last 24 hours, the Shiba Inu burn rate has plunged below zero after the amount of burned SHIB dropped around 60% compared to a much bigger burn conducted yesterday.