Shiba

Shiba Inu

Trillion

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<p lang="en-GB" xml:lang="en-GB">Analytics X account @OnchainDataNerd has spotted several large crypto transactions, which have moved cumulatively more than four trillion <a href="https://u.today/critical-shib-warning-to-fudders-issued-by-shiba-inu-team" rel="noopener noreferrer nofollow">SHIB</a> to major U.S. exchange Coinbase.</p>
<p lang="en-GB" xml:lang="en-GB">In total, the amount of SHIB transferred to Coinbase is evaluated at close to $100 million in fiat.</p>
<h2 id="trillions-of-shib-transferred-to-coinbase">Trillions of SHIB transferred to Coinbase</h2>
<p lang="en-GB" xml:lang="en-GB">The above-mentioned data source reported that 10 wallets moved an astounding 4.29 trillion SHIB to the largest U.S.-based crypto trading platform. The report specified that the SHIB that went to Coinbase was bought in two periods, three years apart from each other.</p>
<p lang="en-GB" xml:lang="en-GB">The first accumulation period was in September 2021, and the second one was in March this year. The owners bought these trillions of coins at $0.00001309 on average. Therefore, if the sale indeed takes place at the current SHIB price, their profit will constitute approximately $41.22 million.</p>
<blockquote>
 <p lang="en" dir="ltr">5 hour ago, 10 wallets deposited 4.29T <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> (~$97.33M) to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Coinbase</a>10 above wallets have the same movements:✅Those <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> were accumulated in 2 different times: Sept 2021 and March 2024✅The avg entry is $0.00001309 👉 the profit will be $41.22M if sold all at current price <a href="https://t.co/CYsMhYkgfc" rel="noopener noreferrer nofollow">pic.twitter.com/CYsMhYkgfc</a></p>— The Data Nerd (@OnchainDataNerd) <a href="https://twitter.com/OnchainDataNerd/status/1800427511890993545?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 11, 2024</a>
</blockquote>
<p lang="en-GB" xml:lang="en-GB">As reported by U.Today, on Monday, a major SHIB transaction was made from the Robinhood exchange as <a href="https://u.today/600-billion-shib-mysteriously-kicked-off-robinhood-whats-happening" rel="noopener noreferrer nofollow">600 billion Shiba Inu</a> were sent to an anonymous blockchain wallet. Ultimately, however, it proved to be an internal <a href="https://u.today/elon-musks-stunning-ai-warning-triggers-shib-xrp-armies-hot-discussion" rel="noopener noreferrer nofollow">transaction, as Robinhood reshuffled its SHIB holdings.</a></p>
<h2 id="shib-burns-soar-to-four-digit-value">SHIB burns soar to four-digit value</h2>
<p lang="en-GB" xml:lang="en-GB">Shibburn tracking platform spread the word earlier today about a major SHIB metric – the burn rate – soaring by a whopping 2,814%, with 7,912,338 SHIB meme coins transferred to unspendable blockchain wallets. This substantial burn took place over the last 24 hours thanks to the efforts of the SHIB community.</p>
<p lang="en-GB" xml:lang="en-GB">By now, the burn rate has <a href="https://www.shibburn.com/" rel="noopener noreferrer nofollow">dropped to 266.94%</a> since not a single SHIB burn has taken place within the last nine hours.</p>
<p lang="en-GB" xml:lang="en-GB">At the time of this writing, SHIB is changing hands at $0.00002175 after demonstrating a decline of more than 7% in the past 24 hours.</p>

4.3 Trillion Dormant SHIB Go to Coinbase as Key Shiba Inu Metric Soars 2,814%

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