- Whale Alert, one of the world’s leading crypto tracking platforms, has released data showcasing noteworthy whale transfers involving Shiba Inu tokens.
- Following these whale transfers and token burns by the Shiba Inu community, the price of SHIB tokens has experienced continuous fluctuations.
- Investors and traders are closely monitoring this token, believing that the progress made by the community bodes well for the token’s future.
According to data observed on the blockchain, a whale recently conducted a massive transfer of Shiba Inu tokens: Current SHIB price!
Shiba Inu Whale Makes Significant Transfer
Whale Alert, one of the world’s leading crypto tracking platforms, has shared data highlighting notable whale transfers involving Shiba Inu tokens. On November 5th, an unknown wallet transferred 4.43 trillion SHIB tokens with a total value of $35.82 million to another unknown wallet, sparking speculation in the crypto world.
These transfers coincided with recent developments made by the SHIB community to support the token. According to data released by Whale Alert, an unknown wallet with the address 0x8d14cc60…6e5c7e24dc transferred 4.43 trillion SHIB tokens (valued at $35.82 million) to another unknown wallet with the address 0x3ba943c7…225e6dabee.
What makes this more interesting is that the same wallet, which had previously acquired trillions worth of SHIB tokens from a centralized crypto exchange called Bitvavo, engaging in this series of transfers involving SHIB tokens has garnered the attention of crypto enthusiasts, who perceive it as indicative of bullish sentiment in the overall crypto market.
SHIB Price Amid Ongoing Burns and Token Transfers
Currently, the Shiba Inu price has seen a slight increase, rising by 0.10% in the last 24 hours. SHIB is currently valued at $0.000008195, with a modest 2.48% increase in the past week.
The price of SHIB tokens has experienced continuous fluctuations following whale transfers and token burns by the Shiba Inu community. Additionally, as reported by the Shiba Inu crypto community, as of today, 1,195,326 tokens have been burned, resulting in an 87.85% decrease in the total circulating supply.
The bulk burning of tokens and the transfer of tokens from whale wallets to other wallets indicate a consistent effort by the community to enhance the SHIB token economy. Investors and traders are closely following this token, believing that the progress made by the community paints a positive outlook for the token’s future.
