Token

Kusama

Million

Shiba Inu

Trillion

<div class="watcher-guru"> 
 <p>Interest surrounding the Shiba Inu [SHIB] ecosystem has been experiencing a remarkable surge. As the development of Shibarium progresses, the community has been diligently preparing for the imminent launch by amassing SHIB tokens to a significant extent. An intriguing development has emerged as a new whale has garnered attention by acquiring trillions of tokens in anticipation of the Shibarium release.</p> 
 <p>New data from Etherscan.io has revealed that the whale has bought a substantial amount of 4.41 trillion SHIB tokens. This transaction is worth about $40.41 million. It took place in a single transaction. Furthermore, the magnitude of this SHIB accumulation has propelled the whale to the 27th spot among other large SHIB holders.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">🚨 🚨 4,412,252,578,938 #SHIB (40,672,144 USD) transferred from unknown wallet to unknown wallethttps://t.co/zrqGNV5Jn9</p> 
    <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
     <div class="publift-ad add"> 
      <div data-fuse="22560828227"></div> 
     </div> 
    </div> — Whale Alert (@whale_alert) August 6, 2023 
   </blockquote> 
  </div> 
 </figure> 
 <p>Data sourced from IntoTheBlock indicated a prominent surge in large transactions within the Shiba Inu network. Notably, there has been a substantial 340.96% escalation in the volume of large transactions over the course of the past week. This further translated to a total amount of $50.81 million in terms of the asset’s value.</p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <p>Additionally, SHIB experienced a significant price surge during the weekend. The meme coin successfully underwent a reduction in value by eliminating a zero, reaching a peak of $0.00001023. However, subsequent to a corrective phase, the asset’s price also dropped to $0.00000918. Furthermore, this situation added momentum to long positions being liquidated. In the past 24 hours, long liquidations totaled $477.26K, while short liquidations remained modest at $130.83K.</p> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="294" src="https://cdn.thebittimes.com/images/2023/08/07/cb465311bc7ee9f951e2f1e3f047a47d.webp" alt="" class="wp-image-105565" srcset="https://cdn.thebittimes.com/images/2023/08/07/cb465311bc7ee9f951e2f1e3f047a47d.webp 1024w, https://cdn.thebittimes.com/images/2023/08/07/cb465311bc7ee9f951e2f1e3f047a47d.webp 300w, https://cdn.thebittimes.com/images/2023/08/07/cb465311bc7ee9f951e2f1e3f047a47d.webp 768w, https://cdn.thebittimes.com/images/2023/08/07/cb465311bc7ee9f951e2f1e3f047a47d.webp 1536w, https://cdn.thebittimes.com/images/2023/08/07/cb465311bc7ee9f951e2f1e3f047a47d.webp 2048w, https://cdn.thebittimes.com/images/2023/08/07/cb465311bc7ee9f951e2f1e3f047a47d.webp 380w, https://cdn.thebittimes.com/images/2023/08/07/cb465311bc7ee9f951e2f1e3f047a47d.webp 550w, https://cdn.thebittimes.com/images/2023/08/07/cb465311bc7ee9f951e2f1e3f047a47d.webp 800w, https://cdn.thebittimes.com/images/2023/08/07/cb465311bc7ee9f951e2f1e3f047a47d.webp 1160w, https://cdn.thebittimes.com/images/2023/08/07/cb465311bc7ee9f951e2f1e3f047a47d.webp 2770w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source 
  </figcaption> 
 </figure> 
 <p><strong>Also Read: Shiba Inu: Shytoshi Kusama Unveils Shib SSI Launch Details, Here’s When</strong></p> 
 <h4 class="wp-block-heading" id="h-97-million-shib-tokens-out-of-circulation">97 Million SHIB tokens out of circulation</h4> 
 <p>Token burns have played quite an important role in the Shiba Inu ecosystem. The entire community has been collectively burning a significant amount of SHIB on a daily basis. Furthermore, it appears that a significant amount was removed from circulation over the weekend. Recent data from Shibburn indicates that on Aug. 6, a total of 97,646,939 SHIB tokens were actively sent to inactive wallets. This was sent through 17 separate transactions.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">In the past 24 hours, there have been a total of 97,646,939 $SHIB tokens burned and 17 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. pic.twitter.com/Q7A6bj7VW9</p>— Shibburn (@shibburn) August 7, 2023 
   </blockquote> 
  </div> 
 </figure> 
 <p><strong>Also Read: Shiba Inu: You Only Need $10 To Become a SHIB Millionaire</strong></p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828233"></div> 
  </div> 
 </div> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>crypto</li> 
  <li>cryptocurrency</li> 
  <li>shib</li> 
  <li>shiba inu</li> 
 </ul> 
</div>

Shiba Inu Whale Pockets Massive 4.41 Trillion Ahead of Shibarium

TheBitTimes

Other articles published on Aug 7, 2023

Zuse Market: Buying, Selling, and Creating NFTs Made Easy

XRP Advocate's Bold Bet, Counting On SEC Appeal Failure In Ripple Case

Optimism Price Prediction: Is $2 the Next Target For OP Price?

WAGMI Hires Top Web2 Gaming Talents To Bring Web3 To The Masses

Dogecoin Price Analysis: Analyst Maps Entry Levels For DOGE Price

DOGE, QUBE On Investors’ Radar as Elon Musk Plans Big Moves in Twitter and AI

Join our free newsletter for daily crypto updates!