Shiba

Pepe

Dogecoin

ORDI

Shiba Inu

Shiba Inu, a cryptocurrency positioned as the self-proclaimed Dogecoin killer, curated a tidal wave of speculations across the broader crypto market on Tuesday as the token recorded substantial whale activity in the past 24 hours. The whale activity, coming forth amid a price drop noted by the token, seems to have stirred a whirlpool of inferences among crypto market enthusiasts globally. 
Notably, as per the data surfacing within the market, a whale shifted roughly 4 trillion SHIB to another unknown wallet. Simultaneously, the token’s price dropped, aligning with the fall in SHIB burn rate, fueling further speculations for the token. 
<h2 id="whale-transfer-orbiting-shib-a-detailed-report">Whale Transfer Orbiting SHIB: A Detailed Report</h2> 
According to the data unveiled by Whale Alert, a platform facilitating blockchain metrics, the Shiba Inu cryptocurrency appears to have noted a significant whale transfer on December 25, Monday. Moreover, as per the <a href="https://whale-alert.io/transaction/ethereum/0x361596f34efd97a94b528b5b563f6714b73e8dcced5d09db506d5ba65903ba60" target="_blank" rel="noopener">data</a>, the unknown wallet, 0x9c570088…a22fd8b51b, was registered, transferring 4.23 trillion SHIB to another wallet address, 0x72c3f4fc…fa8d75d719. Meanwhile, the number of coins transferred was evaluated as $45.12 million at the time of writing. 
However, the transfer of SHIB between unknown wallets amid a price drop portrays a sense of boosted confidence among crypto market traders. Furthermore, the SHIB whale chronicle also aligns in contrast with the drop in the burn rate. 
Remarkably, the Shiba crypto community noted a significant drop in the <a href="https://www.shibburn.com/" target="_blank" rel="noopener">SHIB burn rate</a> over the past 24 hours. As per on-chain data, the community seems to have incinerated 6.87 million SHIB over the past day. 
Also Read: <a href="https://coingape.com/crypto-prices-today-market-rebounds-as-bitcoin-pepe-coin-ordi-soar/" target="_blank" rel="noopener">Crypto Prices Today: Market Rebounds As Bitcoin, Pepe Coin, ORDI Soar</a> 
<h2 id="shiba-inu-price-falls">Shiba Inu Price Falls</h2> 
As of writing, the <a href="https://coingape.com/price/shiba-inu/" target="_blank" rel="noopener">Shiba Inu price</a> recorded a fall of 1.17% in the past 24 hours and is currently trading at $0.00001067. However, the token seems to have noted a weekly upswing of 1.58%, accompanied by a monthly upsurge of 27.23%. 
Besides, the token’s trading volume dropped 7.06% over the past day and currently rests at $184.11 million. 
The fall portrayed by the meme coin’s market charts contrasts the whale activity recorded by the token today, fueling further inferences for the token. 
Also Read: <a href="https://coingape.com/breaking-mt-gox-creditors-have-started-receiving-repayments-after-10-years/" target="_blank" rel="noopener">Breaking: Mt. Gox Creditors Have Started Receiving Repayments After 10 Years</a> 
The post <a href="https://coingape.com/shiba-inu-price-drops-amid-4-tln-whale-activity-whats-happening/">Shiba Inu Price Drops Amid 4 Tln Whale Activity, What’s Happening?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Shiba Inu Price Drops Amid 4 Tln Whale Activity, What’s Happening?

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