The self-proclaimed Dogecoin killer, Shiba Inu, appears to be amassing noteworthy attention among crypto market fanatics as the token noted an enormous whale activity on Monday. Furthermore, market data showcased the transfer of trillions of SHIB between unknown wallets, stirring speculations across the broader crypto market.
Interestingly, the significant whale activity comes amid the price slump witnessed by the Shiba Inu cryptocurrency today. Moreover, falling in line with the plunge in its price, the SHIB burn rate also dropped substantially.
However, in a cyclone of breakthroughs, the Shiba Inu crypto community experienced a colossal surge in SHIB price over the past few days.
SHIB Whale Transfer: An In-Depth Analysis
According to on-chain data offered by Whale Alert, the Shiba crypto community recorded a massive whale transaction today, December 11. Moreover, as per the data, 4.19 trillion SHIB worth $40.82 million were transferred between unknown wallets.
Concerning the data, an
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