Shiba Inu

<p><strong>Trillions of Shiba Inu tokens have been transferred to cryptocurrency trading platforms during a period when SHIB initially surged to its recent peak and then experienced a decline in value.</strong></p><h2 id="header-0">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Chika-Moji-Airdrop.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>Popular cryptocurrency trader and analyst Ali Martinez has released data indicating that large holders, known as whales, have moved a significant amount of the popular meme coin SHIB to cryptocurrency trading platforms.</p><h3 id="shib-supply-surge-and-price-volatility">SHIB Supply Surge and Price Volatility</h3><p>Between May 14 and May 29, the supply of Shiba Inu on cryptocurrency exchanges increased from around 144 trillion to over 147.5 trillion coins, <a href="https://x.com/ali_charts/status/1796477469022728661?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">according to data shared by analyst Ali Martinez</a>. This surge represents a <a href="https://cryptosheadlines.com/3-trillion-shib-tokens-transferred-destination-revealed/" rel="noopener noreferrer nofollow">transfer of more than four trillion SHIB tokens</a> to crypto exchanges, amounting to approximately $103 million.</p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Screenshot_7-2.png?resize&#61;640%2C529&amp;ssl&#61;1" /></p><p>Courtesy Ali Chart. Source: <a href="https://x.com/ali_charts/status/1796477469022728661?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">X</a></p><p></p><p>On May 29, <a href="https://cryptosheadlines.com/shib-burn-rate-soars-48000-potential-for-shiba-inu-price-rally/" rel="noopener noreferrer nofollow">Shiba Inu’s price soared</a> to a peak of $0.000029, marking a 21% increase in just a few days. However, this price surge was followed by a 12.16% decline, likely triggered by the massive sell-off that ensued. As of the latest update, Shiba Inu, the second most popular meme-inspired cryptocurrency, is trading at $0.00002584.</p><h2 id="header-1">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Chika-Moji-Airdrop-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>The price correction unfolded in two phases: first, a drop of 8.8% was followed by an attempted rebound. Subsequently, a second price crash occurred, driving SHIB’s price down by 10.10%.</p><h3 id="shib-community-burns-meme-coins-in-anniversary-event">SHIB Community Burns Meme Coins in Anniversary Event</h3><blockquote>The Shibburn platform, which tracks Shiba Inu burn transactions, has reported a significant reduction in the circulating supply of SHIB tokens since yesterday. In a series of thirteen transactions, the SHIB community has successfully burned a total of 9,846,020 SHIB tokens, sending them to dead-end blockchain addresses.</blockquote><p>The largest burn transfers included 2,915,754, 2,000,000, and 1,500,000 Shiba Inu meme coins in separate transactions, marking a concerted effort to reduce the overall supply in the market.</p><p>May 2024 commemorates the three-year anniversary of a significant <a href="https://cryptosheadlines.com/shib-burn-jumps-850-leads-ethereum-whale-trade/" rel="noopener noreferrer nofollow">SHIB burn event initiated by Ethereum</a> co-founder Vitalik Buterin in 2021. At that time, Ryoshi, the mysterious founder of SHIB, had gifted half of the quadrillion SHIB supply to Vitalik. <a href="https://cryptosheadlines.com/pepe-coins-future-post-bullish-turn/" rel="noopener noreferrer nofollow">Buterin, skeptical about the coin’s future</a>, decided to burn 410 trillion of the gifted coins. He <a href="https://cryptosheadlines.com/binance-ceo-defends-crypto-charity-donations/" rel="noopener noreferrer nofollow">donated the remaining 90 trillion to an India-based crypto charity</a>, which aided in pandemic relief efforts in the country.</p><p><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</p>

4 Trillion SHIB Tokens Sent to Exchanges in 2 Weeks – Causing Price Drop

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