Shiba

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 <p>A large anonymous investor recently purchased a massive $444,000 worth of Shiba Inu, fueling speculation as SHIB prices rally.</p>
 <p>According to transaction data, the unidentified whale account obtained 60 billion SHIB in a single transaction. This occurrence brought the wallet’s total holdings to over 73 billion SHIB, valued at $541,350.</p>
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 <p>Remarkably, this account made its very first Shiba Inu acquisition just one month ago. Yet in that short timeframe, it has amassed half a million dollars worth of meme-inspired cryptocurrency.</p>
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 <p>SHIB now constitutes nearly half of this investor’s portfolio, which totals $1.38 million in digital assets. The willingness to allocate such a large percentage to Shiba Inu signals bullish conviction.</p>
 <p><strong>Also read: FTX’s Bankman-Fried to Testify in Fraud Trial, Proclaim Innocence</strong></p>
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 <h2 class="wp-block-heading" id="h-shib-burn-rate-plummets-by-70">SHIB burn rate plummets by -70%</h2>
 <p>Recent data from&nbsp;Shibburn indicates a notable decrease of -74% in the burn rate of Shiba Inu over the past 24 hours. The data reveals that during this period, only 28 million SHIBs were transferred to inactive wallets.</p>
 <p><strong>Also read:&nbsp;CFTC Commissioner Says Market is Ready For Spot Bitcoin ETFs</strong></p>
 <figure class="wp-block-image size-full"><img decoding="async" width="757" height="307" src="https://cdn.thebittimes.com/images/2023/10/26/f405b4ebca957876569acbbcc1e97fa0.webp" alt class="wp-image-117070" srcset="https://cdn.thebittimes.com/images/2023/10/26/f405b4ebca957876569acbbcc1e97fa0.webp 757w, https://cdn.thebittimes.com/images/2023/10/26/f405b4ebca957876569acbbcc1e97fa0.webp 300w, https://cdn.thebittimes.com/images/2023/10/26/f405b4ebca957876569acbbcc1e97fa0.webp 380w, https://cdn.thebittimes.com/images/2023/10/26/f405b4ebca957876569acbbcc1e97fa0.webp 550w" sizes="(max-width: 757px) 100vw, 757px">
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 <p>The burn rate of Shiba Inu has shown a consistent decline in recent weeks. However, the launch of Shibarium hasn’t proven to be very effective in ramping up the burn process.</p>
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<div class="cs-entry__tags">
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  <li>shib</li>
  <li>shiba inu</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/mystery-shiba-inu-whale-snaps-up-444k-in-shib-amid-rally-tbt67790.html">https://thebittimes.com/mystery-shiba-inu-whale-snaps-up-444k-in-shib-amid-rally-tbt67790.html</a></p>

Mystery Shiba Inu Whale Snaps Up $444K in SHIB Amid Rally

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