Shiba

X/Twitter

Dream

Shiba Inu

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<p lang="en-GB" xml:lang="en-GB">According to a recent post by Whale Alert blockchain sleuth, over the past 24 hours, its bots have tracked down a <a href="https://u.today/massive-546-billion-shiba-inu-shib-withdrawn-from-binance-as-whales-capitulate" rel="noopener noreferrer nofollow">massive chunk of Shiba Inu</a> meme coins worth almost $40 million in fiat.</p>
<h2 id="shiba-inu-price-prints-massive-decline">Shiba Inu price prints massive decline</h2>
<p lang="en-GB" xml:lang="en-GB">Details provided by the aforementioned data source have revealed who stands behind this enormous SHIB transaction. Meanwhile, the second-largest meme-inspired cryptocurrency, SHIB, continues to go down.</p>
<p lang="en-GB" xml:lang="en-GB">Over the last 24 hours, it has <a href="https://www.tradingview.com/symbols/SHIBUSDT/" rel="noopener noreferrer nofollow">lost approximately 7%</a> of its price, and since the weekend, SHIB has staged a decline of 13%, falling from $0.00000986 to the current $0.00000858 level.</p>
<blockquote>
 <p lang="en" dir="ltr">🚨 🚨 4,276,568,835,013 <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SHIB</a> (37,950,271 USD) transferred from unknown wallet to unknown wallet<a href="https://t.co/Bw1yGOBvGw" rel="noopener noreferrer nofollow">https://t.co/Bw1yGOBvGw</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1749465838883676345?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 22, 2024</a>
</blockquote>
<h2 id="trillions-of-shib-on-move">Trillions of SHIB on move</h2>
<p lang="en-GB" xml:lang="en-GB">In a recent X/Twitter post, Whale Alert spread the word about a total of 4,276,568,835,013 SHIB meme coins exchanging hands as this massive SHIB lump was moved between unknown blockchain addresses. The fiat equivalent of this is a mammoth-sized $37,950,271.</p>
<p lang="en-GB" xml:lang="en-GB">Details of the transfer provided by the above-mentioned cryptocurrency tracker show that the transaction was initiated by one of the internal wallets of the Netherlands-based Bitvavo exchange, and it was moved to a wallet linked to Bitvavo. The reason for this could be the cryptocurrency trading platform reshuffling its crypto balances.</p>
<p lang="en-GB" xml:lang="en-GB">Large SHIB movements have also been spotted recently as the founder of Tron, Justin Sun, purchased an amount close to <a href="https://u.today/tron-founder-withdraws-billions-of-shib-from-binance-details" rel="noopener noreferrer nofollow">80 billion SHIB</a> on Binance and withdrew it to a cold wallet along with a bunch of other cryptocurrencies, including LINK and FLOKI – a Shiba Inu rival meme coin.</p>
<h2 id="anonymous-whale-burns-100-million-shib">Anonymous whale burns 100 million SHIB</h2>
<p lang="en-GB" xml:lang="en-GB">A major member of the Shiba Inu team, its social media marketing lead, Lucie, has taken to the X/Twitter platform to reveal the name of the whale who burned a massive 100,000,000 SHIB over the past 24 hours.</p>
<p lang="en-GB" xml:lang="en-GB">According to Shibburn data, the overall amount of meme coins transferred to unspendable wallets within this period of time totals 146,261,497 SHIB. The 100-million chunk was the largest one, which was carried here in a single transfer. According to Lucie’s tweet, all of those millions of SHIB were burned by the @theshibdream Twitter account – the issuer of the Shib Dream NFT collection.</p>
<blockquote>
 <p lang="en" dir="ltr">Amazing! The <a href="https://twitter.com/theshibdream?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@theshibdream</a> NFT collection has just burned 100 million <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a>. Thank you! 🙏🏼 <a href="https://twitter.com/hashtag/Shibarium?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Shibarium</a> 🔥</p>— 𝐋𝐔𝐂𝐈𝐄 | Shibarium ⛓️ (@LucieSHIB) <a href="https://twitter.com/LucieSHIB/status/1749536538742943892?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 22, 2024</a>
</blockquote>
<p lang="en-GB" xml:lang="en-GB">Overall, those burns that have taken place since yesterday morning, have propelled the daily SHIB burn rate to a growth of 459.57%, according to the <a href="https://www.shibburn.com/" rel="noopener noreferrer nofollow">Shibburn website</a>.</p>

Trillions of SHIB Transferred, Who Stands Behind This?

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