Shiba Inu

Trillion

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<p lang="en-GB" xml:lang="en-GB">Popular blockchain tracking service Whale Alert, which tracks down large crypto transactions, detected a <a href="https://u.today/33-billion-shib-moved-from-exchanges-as-shytoshi-kusama-teases-shibarium-launch-today" rel="noopener noreferrer nofollow">massive SHIB chunk</a> on the move slightly more than four hours ago.</p> 
<p>The transaction carried nearly five trillion meme coins, which landed in a completely blank wallet. In the meantime, another whale has sold all of his SHIB and BONE tokens to acquire another trendy meme coin, PEPE.</p> 
<h2 id="nearly-five-trillion-shib-on-move">Nearly five trillion SHIB on move</h2> 
<p>Per Whale Alert's post, a total of 4,712,881,590,632 SHIB were sent from one anonymous wallet to another. The receiving wallet had been completely blank before this transfer, so one may say that a new Shiba Inu whale has entered the crypto market.</p> 
<p>Another option, judging by the tremendous size of the transfer, is that a crypto exchange was <a href="https://u.today/20-trillion-shib-held-by-robinhood-bull-run-will-be-euphoric-big-shiba-inu-enthusiast" rel="noopener noreferrer nofollow">reshuffling its crypto holdings</a> and moved a big chunk of meme crypto to a new wallet created just recently.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">🚨 🚨 4,712,881,590,632 <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SHIB</a> (43,285,460 USD) transferred from unknown wallet to unknown wallet<a href="https://t.co/Umqr7S1qsg" rel="noopener noreferrer nofollow">https://t.co/Umqr7S1qsg</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1692087461046780344?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 17, 2023</a> 
</blockquote> 
<p>As reported by U.Today earlier, Santiment on-chain data company spotted an impressive rise in SHIB whales' activity over the past week. They have begun acquiring big amounts of SHIB as the price pulled back after a slight rise, thus providing conditions for discount purchases.</p> 
<p>The price of SHIB shows a negative move after the just launched Shibarium Layer 2 blockchain faced multiple serious issues, with all the funds locked in the Shibarium-Ethereum bridge getting stuck and unavailable now.</p> 
<h2 id="whale-dumps-shib-and-bone-for-pepe">Whale dumps SHIB and BONE for PEPE</h2> 
<p>Still, it looks like some whales are exiting SHIB and its other major tokens to bet on another trendy meme coin, PEPE. As reported by the @lookonchain service, which follows sells and buys of crypto whales, one of these large wallet owners has dumped all of their SHIB and BONE and bought a huge bag of PEPE&nbsp;— 1.07 trillion of it worth $1.28 million.</p> 
<p>He had sold nearly 980,000 BONE for 787 ETH over the past three days. As soon as <a href="https://u.today/key-reason-behind-shibs-sudden-plunge-after-shibariums-launch" rel="noopener noreferrer nofollow">Shibarium froze and stopped minting</a> new blocks, the whale transferred 143 billion SHIB (worth $1.32 million) to Binance to sell this meme coin stash.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">A whale sold all <a href="https://twitter.com/search?q=%24BONE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BONE</a> and <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a>, then bought 1.07T <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$PEPE</a> ($1.28M)!The whale sold all 979,469 <a href="https://twitter.com/search?q=%24BONE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BONE</a> for 787 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($1.44M) at $1.47 in the past 3 days.Then deposited all 143B <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a>($1.32M) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Binance</a> after <a href="https://twitter.com/hashtag/Shibarium?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Shibarium</a> stopped producing blocks.<a href="https://t.co/XILSObi0UC" rel="noopener noreferrer nofollow">https://t.co/XILSObi0UC</a> <a href="https://t.co/vwv6puUYwo" rel="noopener noreferrer nofollow">pic.twitter.com/vwv6puUYwo</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1692070149535490277?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 17, 2023</a> 
</blockquote> 
<h2 id="hundreds-of-millions-of-shib-burned">Hundreds of millions of SHIB burned</h2> 
<p>Despite issues faced by the SHIB team with Shibarium so far, the SHIB community has been quite active in burning Shiba Inu meme coins.</p> 
<p>Over the past 24 hours, as reported by the Shibburn explorer, various entities and individuals have transferred 323,182,072 SHIB to dead-end wallets. Thus, they lifted the burn rate of the second largest <a href="https://www.shibburn.com/#google_vignette" rel="noopener noreferrer nofollow">meme coin by nearly 50%</a>.</p> 
<p>The three largest SHIB chunks burned since yesterday morning include ones that carried, 31 million, 30 million and 29 million SHIB.</p>

4.7 Trillion SHIB Moved to Brand New Wallet as New Whale Emerges

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