Shiba

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Shiba Inu

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<p lang="en-GB">Cryptocurrency analyst and trader Ali Martinez has shared a chart provided by the on-chain data aggregator Santiment.</p>
<p lang="en-GB">This chart clearly shows a massive decline in whale activity on the Shibarium network over the past 90 days.</p>
<h2 id="shib-whales-activity-declines">SHIB whales' activity declines</h2>
<p lang="en-GB">The Santiment chart shared by Martinez shows a tremendous decline in SHIB whale transactions on the network since early December 2024. The chart registers SHIB transfers of more than $1 million worth of SHIB made by large wallets.</p>
<p lang="en-GB">The decline in transaction activity has dropped along with the SHIB price as it declined from $0.000033 to $0.000016. Ali commented that since Dec. 6, whale activity on the Shiba Inu network has seen a 79% decline.</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">Whale activity on the <a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ShibaInu</a> <a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> network has declined by 79% over the past three months. <a href="https://t.co/sKPfZEdvgS" rel="noopener noreferrer nofollow">pic.twitter.com/sKPfZEdvgS</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1893184194739872251?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 22, 2025</a>
</blockquote>
<h2 id="shib-burns-skyrocket-134">SHIB burns skyrocket 134%</h2>
<p lang="en-GB">According to a recent tweet published by the Shibburn tracker, in the past day the SHIB community has succeeded in pushing the <a href="https://u.today/shib-burn-rate-prints-massive-588-rise-price-mirrors-this-surge-but-theres-catch" rel="noopener noreferrer nofollow">burn rate</a> up, giving it significant momentum.</p>
<p lang="en-GB">During the last 24 hours, the community has managed to dispose of 34,245,582 SHIB, driving it out of the circulation supply. Thus, the burn rate jumped by 133.66%, the tweet shows.</p>
<p lang="en-GB">The two largest burn transactions carried 20,423,263 and 13,046,414 Shiba Inu meme coins.</p>
<p lang="en-GB">As for the weekly burn rate, it has also shown a major increase, going up by 120.3%. Over the past week, a total of 128,221,396 SHIB has been locked in unspendable blockchain wallets, i.e., burned.</p>
<h2 id="shib-market-performance">SHIB market performance</h2>
<p lang="en-GB">Meanwhile, the second largest meme-themed cryptocurrency SHIB has displayed an almost 3% increase since Friday. This way, it has attempted to recover after the 6.57% decline that took place on Thursday.</p>
<p lang="en-GB">At the time of writing this, SHIB is changing hands at $0.00001540.</p> <a href="https://u.today/shib-whales-suddenly-began-to-disappear-heres-what-happened" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

SHIB Whales Suddenly Began to Disappear, Here's What Happened

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