Shiba Inu: 8.5 trillion Shiba Inu moved; SHIB wear rate decreases

Shiba Inu coin (SHIB), the world’s second largest crypto meme, has seen a significant increase in value over the past week. According to the recent whale alert tweet, an unidentified whale transferred nearly 3 trillion Shiba Inu tokens between wallets, worth $26.3 million.

Both addresses are inactive and relatively new. These wallets contain no tokens other than SHIB. Notably, SHIB is no longer the largest holding among the top 100 Ethereum whales, according to WhaleStats.

🚨 🚨 2,871,107,065,473 #SHIB (26,356,762 USD) transferred from unknown wallet to unknown wallethttps://t.co/nqPTK5V1L6

– Whale Alert (@whale_alert) December 8, 2022

SHIB combustion decreased by 41%.

According to ShibBurn data, the burn rate of Shiba Inu coin has decreased by 41% over the past 24 hours. The coin burn rate is decreasing despite the massive transfer of SHIB among the whale wallets. Recently, the developer of SHIB ” Shib Trophias ” shared an update on the completion of the project without naming it. The developer also said that the project will be launched in phases to facilitate the flow of content. The transfer of SHIB from one portfolio to another may be related to the recent announcement.

According to data on the WhaleStats blockchain, the top 1,000 ETH whales have a total of $32.1 million in SHIB. They are followed by the Oracle Chainlink blockchain (LINK), which is worth $11 million, and the Decentraland gaming metaverse protocol (MANA), which is worth $6.7 million.

Shiba Inu Live Awards

According to Coinmarketcap data, the live price of Shiba Inu is 0.000009 USD, and the 24-hour trading volume is 83,113,182 USD. SHIB’s price has risen 1.70% in the last 24 hours, with a live market capitalization of USD 5,112,441,649. The total outstanding supply is 549,063,278,876,302 SHIB coins. The supply is insufficient.