SPOTTED: SHIB’s Recent Activities in the Crypto Market

• As per CoinMarketCap, Shiba Inu token has increased in price by 1.49%.
• SHIB has encountered a whale transaction of 1.5T tokens.

With no surprise, Shiba Inu (SHIB), one of the popular memecoins has been purchased by massive whales over a period. Yet, subsequently, the burn rates are getting higher on the other hand. However, these activities engage the crypto community.

From the Shiba Inu (SHIB) records and transfers, Lookonchain has captured the largest holder of SHIB with 1.5 trillion tokens. Meanwhile, as per the current market price, it accounts for $10 million considering the last 24 hours.

Largest Whale Records

The huge transfer of the SHIB tokens is accumulated from the major cryptocurrency exchanges namely Binance and Coinbase. According to the records retrieved, the largest whale totally has 5.3 trillion SHIB tokens worth $35.5M.

Meanwhile, the same whale encountered over the last month on May 16, 2023, where twenty trillion SHIB tokens were transferred. At that time, the value of the transfer is approximately $134 million accordingly to the market price.

The identified address of the whale is ‘0x40B3’ from the reports of Lookonchain. Moreover, this whale is considered the top SHIB holder comparing the other records.

SHIB Token Activities

Over the last 24 hours, the accounted transactions to a dead wallet are nearly 3 million SHIB tokens. Meanwhile, the burn rate is a 13.18% increase compared to the previous day. Currently, Shiba Inu is priced at $0.000006772 with an increase in price of 1.49%.

According to CoinMarketCap, the market capitalization of Shiba Inu is increased by 1.49%, ranking 18th among the other tokens. However, the trading volume is not active and has fallen by 7.87% comparatively.

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