Shiba

Shiba Inu

Trillion

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 <p>Shiba Inu (SHIB) has recently deleted a zero from its price, which it gained in August of this year. The token’s price has surged 9.1% in the weekly charts and 17.9% over the previous week. SHIB had struggled for most of this year, but the project seems to be gaining momentum lately.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="854" src="https://cdn.thebittimes.com/images/2023/12/21/bba3147bd290e1816e0242ecdf48cd67.webp" alt class="wp-image-122392" srcset="https://cdn.thebittimes.com/images/2023/12/21/bba3147bd290e1816e0242ecdf48cd67.webp 1024w, https://cdn.thebittimes.com/images/2023/12/21/bba3147bd290e1816e0242ecdf48cd67.webp 300w, https://cdn.thebittimes.com/images/2023/12/21/bba3147bd290e1816e0242ecdf48cd67.webp 768w, https://cdn.thebittimes.com/images/2023/12/21/bba3147bd290e1816e0242ecdf48cd67.webp 1536w, https://cdn.thebittimes.com/images/2023/12/21/bba3147bd290e1816e0242ecdf48cd67.webp 380w, https://cdn.thebittimes.com/images/2023/12/21/bba3147bd290e1816e0242ecdf48cd67.webp 550w, https://cdn.thebittimes.com/images/2023/12/21/bba3147bd290e1816e0242ecdf48cd67.webp 800w, https://cdn.thebittimes.com/images/2023/12/21/bba3147bd290e1816e0242ecdf48cd67.webp 1160w, https://cdn.thebittimes.com/images/2023/12/21/bba3147bd290e1816e0242ecdf48cd67.webp 1624w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: CoinGecko
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 <p>The latest price surge could be due to three massive burns undertaken by the SHIB team. About $1.2 million worth of tokens went to the dead wallet over three days. The tokens were from fees collected on the Shibarium network.</p>
 <p><strong>Also Read: Shiba Inu: $100 Weekly Investment Since Peak is Worth This Much</strong></p>
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 <p>The price surge has also led to whales moving tokens into their wallets. According to the data from IntoTheBlock, large holders’ inflow has surged by 375%.</p>
 <p>On the other hand, the outflow from large wallets decreased by 60.4% to 835.9 billion SHIB tokens.</p>
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 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="291" src="https://cdn.thebittimes.com/images/2023/12/21/e82c02ff9b95f3193e7550c4a8ba7283.webp" alt class="wp-image-122394" srcset="https://cdn.thebittimes.com/images/2023/12/21/e82c02ff9b95f3193e7550c4a8ba7283.webp 1024w, https://cdn.thebittimes.com/images/2023/12/21/e82c02ff9b95f3193e7550c4a8ba7283.webp 300w, https://cdn.thebittimes.com/images/2023/12/21/e82c02ff9b95f3193e7550c4a8ba7283.webp 768w, https://cdn.thebittimes.com/images/2023/12/21/e82c02ff9b95f3193e7550c4a8ba7283.webp 1536w, https://cdn.thebittimes.com/images/2023/12/21/e82c02ff9b95f3193e7550c4a8ba7283.webp 2048w, https://cdn.thebittimes.com/images/2023/12/21/e82c02ff9b95f3193e7550c4a8ba7283.webp 380w, https://cdn.thebittimes.com/images/2023/12/21/e82c02ff9b95f3193e7550c4a8ba7283.webp 550w, https://cdn.thebittimes.com/images/2023/12/21/e82c02ff9b95f3193e7550c4a8ba7283.webp 800w, https://cdn.thebittimes.com/images/2023/12/21/e82c02ff9b95f3193e7550c4a8ba7283.webp 1160w, https://cdn.thebittimes.com/images/2023/12/21/e82c02ff9b95f3193e7550c4a8ba7283.webp 2596w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source: IntoTheBlock
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 <p><br>The movement of tokens away from exchanges and into wallets is a bullish sign as it reduces sell pressure in the market.</p>
 <h3 class="wp-block-heading" id="h-will-shiba-inu-shib-continue-its-rally">Will Shiba Inu (SHIB) continue its rally?</h3>
 <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="597" src="https://cdn.thebittimes.com/images/2023/12/21/d3e1468050bd43453f00162924397527.webp" alt="Shiba Inu" class="wp-image-118105" srcset="https://cdn.thebittimes.com/images/2023/12/21/d3e1468050bd43453f00162924397527.webp 1024w, https://cdn.thebittimes.com/images/2023/12/21/d3e1468050bd43453f00162924397527.webp 300w, https://cdn.thebittimes.com/images/2023/12/21/d3e1468050bd43453f00162924397527.webp 768w, https://cdn.thebittimes.com/images/2023/12/21/d3e1468050bd43453f00162924397527.webp 380w, https://cdn.thebittimes.com/images/2023/12/21/d3e1468050bd43453f00162924397527.webp 550w, https://cdn.thebittimes.com/images/2023/12/21/d3e1468050bd43453f00162924397527.webp 800w, https://cdn.thebittimes.com/images/2023/12/21/d3e1468050bd43453f00162924397527.webp 1160w, https://cdn.thebittimes.com/images/2023/12/21/d3e1468050bd43453f00162924397527.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px">
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   Source – ZyCrypto
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 <p>SHIB has faced a 1.8% correction in the daily charts. Moreover, the token is down 0.6% in the last 14 days. However, burns have subsided since the $1.2 million burn. According to SHIB’s burn tracker, burns have dropped by almost 61%.</p>
 <p>According to Changelly, Shiba Inu (SHIB) may gain a zero after its decimal point in late December. SHIB’s price has struggled to gain momentum in 2023 despite a significant layer-2 network launch. Moreover, the token’s adoption has not increased as much as investors and fans would like.</p>
 <p><strong>Also Read: Shiba Inu: Here is How High SHIB Prices Can Reach In 2024</strong></p>
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 <p>However, SHIB is still one of the most popular crypto projects and may see a price surge during the next bull run, which many analysts predict will occur in 2024.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-whales-move-4-8-trillion-shib-to-wallets-as-price-surges-tbt74363.html">https://thebittimes.com/shiba-inu-whales-move-4-8-trillion-shib-to-wallets-as-price-surges-tbt74363.html</a></p>

Shiba Inu Whales Move 4.8 Trillion SHIB to Wallets as Price Surges

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TheBitTimes

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