Shiba

Bone

Shiba Inu

Billion

Shiba Inu meme coin saw significant whale accumulations amid the broader crypto market recovery in the last few weeks, bringing nearly 20% SHIB price rally in a month. In another big whale transaction, a whale has withdrawn 600 billion Shiba Inu (SHIB) tokens with millions from crypto exchange Binance, as per on-chain data. 
<h2 id="whale-buys-600-billion-shib-tokens">Whale Buys 600 Billion SHIB Tokens</h2> 
According to data by Lookonchain on December 4, a fresh whale wallet <a rel="nofollow" href="https://etherscan.io/token/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce?a=0xf17f63ea7d757579af89f6933c8e84c5345d01b8" target="_blank">withdrew</a> 600 billion SHIB tokens from crypto exchange Binance. The large Shiba Inu tokens move is worth $5.7 million, much larger than other whale transactions recently. 
Moreover, the same whale withdrew 250 billion SHIB tokens worth $2.3 million from Binance last week. The whale accumulation triggered speculation about the price pump and SHIB price jumped 5%. 
Meanwhile, SHIB burn fell 90% in the past 24 hours. A total of 108,618 SHIB tokens were burned in four transactions. Shiba Inu community remains committed to burning SHIB to reduce its circulating supply, with 1.3 billion SHIB burn in November. 
Also Read: <a title="Standard Chartered’s Zodia Custody Joins Ripple’s Metaco Network, XRP Price To Rally?" href="https://coingape.com/standard-chartereds-zodia-custody-joins-ripples-metaco-network-xrp-price-to-rally/" target="_blank" rel="bookmark noopener">Standard Chartered’s Zodia Custody Joins Ripple’s Metaco Network, XRP Price To Rally?</a> 
<h2 id="shib-price-jumps-10">SHIB Price Jumps 10%</h2> 
Shiba Inu ecosystem tokens witnessed rally in the last 24 hours, with tokens jumping more than 10%. This comes due to whale accumulation and a broader crypto market rally. 
<a href="https://coingape.com/price/shiba-inu" target="_blank" rel="noopener">SHIB price</a> jumped 10% in the past 24 hours, with the price currently trading at $0.00000931. The 24-hour low and high are $0.00000840 and $0.00000954, respectively. Furthermore, the trading volume has increased by 320% in the last 24 hours, indicating a rise in the interest of traders. 
BONE price also jumped more than 11%, with the price currently trading at $0.77. The 24-hour low and high are $0.691 and $0.781, respectively. 
Also Read: <a title="Breaking: US Space Force Urges Bitcoin Adoption To US DOD, Cathie Wood And &amp; Deaton Reacts" href="https://coingape.com/us-space-force-urges-bitcoin-adoption-us-dod-cathie-wood-deaton/" target="_blank" rel="bookmark noopener">US Space Force Urges Bitcoin Adoption To US DOD, Cathie Wood And &amp; Deaton Reacts</a> 
The post <a rel="nofollow" href="https://coingape.com/whale-bags-600-billion-shiba-inu-from-binance-shib-bone-prices-pump-10/">Shiba Inu Token Surges 10% Following Major Whale Activity</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

Shiba Inu Token Surges 10% Following Major Whale Activity

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