Shiba Inu

<ul><li>Massive SHIB transfers raise market concerns as large whales influence Shiba Inu prices significantly.</li><li>SHIB shows resilience with a 2.6% surge, in parallel with Bitcoin&#39;s upwards trajectory in the past weeks.</li><li>Despite the impressive rise in price, the SHIB burn rate dropped over 50% with 40M tokens burnt.</li></ul>The prominent blockchain sleuth platform Whale Alert has reported an unprecedented Shiba Inu transfer. This crypto transfer shovelled 4,560,030,677,374 SHIB, worth $31,756,053 in total. This jaw-dropping transfer follows similar occurrences on October 16 and 18, where anonymous whales exchanged trillions of SHIB, indicating a surge in whale activity within the crypto market.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/48b38a396ef34a7db04faabc7c0530a2.png" />According to a recent <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group&#61;all&amp;chart&#61;all" rel="noopener noreferrer nofollow">report</a> by IntoTheBlock, a leading on-chain analytics company, the largest SHIB holders are top-tier wallets, many belonging to crypto exchanges, collectively holding more than 623 trillion SHIB. Notably, there are only a few dozen wallets with such substantial SHIB holdings. In contrast, 47 wallets control 14.22% of the total SHIB in circulation, each containing between 0.1% and 1% of the supply.The recent increase in the number of massive SHIB <a href="https://cryptotale.org/shiba-inu-cryptocurrency-experiences-a-striking-388-surge-in-whale-transactions/" rel="noopener noreferrer nofollow">transfers</a> has raised concerns and speculations within the crypto community. Analysts suggest that these transfers might be orchestrated by the top-tier wallet holders, a group capable of significantly influencing the market. Even a single transfer of this magnitude has the potential to create waves in the crypto market and impact SHIB&#39;s price.Read full article at<a href="https://cryptotale.org/massive-shib-whale-moves-trillions-across-the-market-report/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Massive SHIB Whale Moves Trillions Across the Market: Report

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