A significant SHIB transfer recently caught the attention of the crypto community. This transaction could impact currency market rates.
Anonymous Transfer of 4 Trillion SHIB
Whale Alert, a blockchain tracking platform for large cryptocurrency transfers, detected an anonymous transaction of 4 trillion SHIB, equivalent to $99,005,333. The tokens were transferred between unknown wallets.
Recent SHIB Market Performance with Golden Cross Behind
The popular meme cryptocurrency SHIB has shown a price shift from bearish to bullish, increasing by 6.28%. This followed a previous decline of 23.11%. During its fluctuations, the price reached a local peak of $0.00002966 and is currently at $0.00002412. Last week, SHIB formed a rare 'golden cross,' but soon after the cryptocurrency plunged by 16%.
SHIB Burns Surge 114%
The SHIB burn tracker revealed that over the last 24 hours, the burn rate increased by 114.47%. This process removed 16,183,813 SHIB from circulation. Since the cryptocurrency's launch, the community has managed to burn a total of 410,737,797,662,375 SHIB.
The transfer of 4 trillion SHIB and the heightened burn rate indicate significant movement within the SHIB community. Its impact on the price remains a topic of discussion among analysts.
