Shiba

Shift

Shiba Inu

Trillion

Coin

<ul class="news-points"> 
 <li><strong>An anonymous investor recently purchased 4 trillion Shiba Inu (SHIB) tokens.</strong></li> 
 <li><strong>Despite a 6.04% daily drop, SHIB shows bullish signs, increased trading volume, and sustained buying pressure.</strong></li> 
 <li><strong>Shibarium’s innovative token burn mechanism, using 70% of fees, sets a new precedent in SHIB’s market dynamics.</strong></li> 
</ul> 
<p>An anonymous investor recently purchased 4 trillion <a href="https://coinedition.com/tag/Shiba-Inu-SHIB/">Shiba Inu (SHIB)</a> tokens. Valued at $42 million, this transaction represents the largest individual SHIB purchase recorded in December. Uniquely, the transaction bypassed cryptocurrency exchanges, taking place directly between wallets. Whale Alert, a cryptocurrency wallet tracker, initially reported this substantial token transfer on X (formerly Twitter).</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 4,193,953,460,450 <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#SHIB</a> (40,823,942 USD) transferred from unknown wallet to unknown wallet<a href="https://t.co/ZBibgHTqpE" target="_blank" rel="nofollow">https://t.co/ZBibgHTqpE</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1734153120349814802?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 11, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>The Shiba Inu team’s <a href="https://blog.shib.io/shibarium-puppynet-upgrade-and-burning/" target="_blank" rel="nofollow">recent confirmation</a> that Shibarium, their layer two network, will initiate SHIB token burns starting January 2024 adds another layer to this development. This move by the whale could be a calculated bet on the potential effects of these burns. If Shibarium successfully implement…</p>
<p>The post <a href="https://coinedition.com/shiba-inus-market-dynamics-shift-as-whale-acquires-4-trillion-tokens/">Shiba Inu’s Market Dynamics Shift as Whale Acquires 4 Trillion Tokens</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Shiba Inu’s Market Dynamics Shift as Whale Acquires 4 Trillion Tokens

Coin Edition

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