Shiba Inu news update, including where 8.5 trillion Shiba Inus have moved; SHIB burn rate declines. Let’s checkout what updated new released in Shiba Inu.

Recent Released: Best BNB Tokens In Dec 2022? To Invest Today for Short-term

Shiba Inu Coin News: The value of Shiba Inu (SHIB), the second-largest meme cryptocurrency in the world, has gone up a lot in the last week. A recent tweet from whale alert said that an unidentified whale moved nearly 3 trillion Shiba Inu tokens, worth $26.3 million, from one wallet to another.

Both addresses are new and not being used. There are no other tokens in these wallets besides SHIB. WhaleStats says that SHIB is no longer the largest holding of the top 100 largest Ethereum whales.

41% less SHIB burned down

According to data from ShibBurn, the rate at which Shiba Inu coins are burned has dropped by 41% in the last 24 hours. Even though whale wallets move a lot of SHIB, the burn rate coin goes down. Shib Trophias, who works on SHIB, recently posted an update about the project’s completion, but he didn’t say what it was. The project’s creator also said that it will be released in stages to help the content flow. The recent announcement can be linked to the fact that SHIB can be moved from one wallet to another.

WhaleStats’ on-chain data shows that the top 1,000 ETH whales own $32.1 million worth of SHIB. Oracle blockchain Chainlink (LINK), which is worth $11 million, and gaming metaverse protocol Decentraland (MANA), which is worth $6.7 million, are their next largest holdings.

Shiba Inu Cost to Live

According to data from coinmarketcap, the current price of Shiba Inu is $0.0000009 USD, and the amount traded in 24 hours is $83,113,182 USD. The price of SHIB has gone up by 1.70 percent in the last 24 hours, and its market capitalization is now $5,112,441,649 USD. There are 549,063,278,876,302 SHIB coins in circulation right now. There aren’t enough of them.

Source: Google Trend