#Burning 13 million of this currency and transferring 4 trillion... Why?
_#Shiba.Inu.coin , the self-proclaimed #Dogecoin.killer , once again echoed a sense of frenzy across the broader cryptocurrency market on Friday, as the currency recorded significant whale activity recently. It is worth noting that the massive SHIB whale transfer that took place yesterday received great attention among cryptocurrency market fanatics after it appeared amid the price decline observed in the memes cryptocurrency. Moreover, in the midst of the price decline observed by the token. The Shiba cryptocurrency community has also made efforts to boost the SHIB token economy. At the same time, and in light of the previous statement. The community witnessed a notable burning saga, with nearly 13 million coins burned. A whale is transporting massive amounts of SHIB with the burn rate rising by 20% according to data revealed by #Whale.Alert , a platform that facilitates on-chain metrics.
SHIB recorded a major whale transfer today, December 29th. Moreover, according to the data, 4.25 trillion SHIB was mixed between two unknown wallets. Following on-chain metrics, the unknown wallet is referenced. 0x72c3f4fcâŠfa8d75d719, which resulted in the blocked amount being transferred to another unknown wallet, 0xe28310e2âŠ1affaa372c. Furthermore, the total number of coins transferred between the two reached $44.90 million, prompting further speculation. Meanwhile, amidst the huge historical record of whales. The token has also witnessed an interesting burning phenomenon. According to data revealed by Shibburn, a platform that provides insights into SHIB burning. The Shiba Inu cryptocurrency community burned a whopping 13.14 million cryptocurrencies yesterday, December 29. Moreover, with society burning such noticeable amounts of SHIB. The burn rate seems to have seen a noticeable increase upwards.
$SHIB $DOGE
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