{"id":194653,"date":"2023-10-06T11:40:46","date_gmt":"2023-10-06T11:40:46","guid":{"rendered":"https:\/\/tokenstalk.info\/?p=194653"},"modified":"2023-10-06T11:40:46","modified_gmt":"2023-10-06T11:40:46","slug":"trillions-in-shiba-inu-on-the-move-what-lies-ahead","status":"publish","type":"post","link":"https:\/\/tokenstalk.info\/crypto\/trillions-in-shiba-inu-on-the-move-what-lies-ahead\/","title":{"rendered":"Trillions In Shiba Inu On The Move: What Lies Ahead"},"content":{"rendered":"

Large-scale transactions of Shiba Inu tokens have once again captured the attention of the cryptocurrency community. In a recent announcement by the crypto tracker Whale Alert, a substantial amount of SHIB was observed being transferred from the Amsterdam-based cryptocurrency exchange Bitvavo to an undisclosed blockchain address.\u00a0<\/span><\/p>\n

The staggering figure of 4,584,530,677,374 SHIB raises intriguing questions about the continued interest of prominent investors in this meme-based cryptocurrency.<\/span><\/p>\n

The transfer<\/span>, which took place in the early hours of Oct. 5, was meticulously recorded by the Ethereum (ETH) blockchain explorer Etherscan, adding credibility to the transaction’s authenticity.\u00a0<\/span><\/p>\n

Shiba Inu Whale Transaction Details And Suspicious Timing<\/strong><\/h2>\n

This development comes just one week after the Shiba Inu development team issued a cautionary statement to its community, urging investors to exercise due diligence and remain cautious of suspicious entities claiming to be affiliated with the SHIB ecosystem.<\/span><\/p>\n

\ud83d\udea8 \ud83d\udea8 4,584,530,677,374 #SHIB (33,132,403 USD) transferred from #Bitvavo to unknown wallethttps:\/\/t.co\/HrCbR3oavs<\/p>\n

\u2014 Whale Alert (@whale_alert) October 5, 2023<\/p>\n

The team emphasized that the mere use of the name “Shibarium,” which denotes the ecosystem’s recently launched layer-2 scaling solution, does not automatically confer legitimacy. Instead, <\/span>the SHIB team emphasized<\/span> that all official partnerships and announcements would be exclusively disseminated through the ecosystem’s Discord channel or official blog.<\/span><\/p>\n

<\/p>\n

SHIB market cap currently at $4.2 billion. Chart: TradingView.com<\/p>\n

Over the past 24 hours, the SHIB community has embarked on a noteworthy endeavor to reduce the circulating supply of SHIB tokens. A substantial quantity, totaling 50,430,344 SHIB, has been intentionally transferred to “dead wallets,” a strategy that effectively reduces the available supply and supports token value.\u00a0<\/span><\/p>\n

The largest single transaction in this recent burn spree amounted to 10,162,798 SHIB, as reported by the <\/span>Shibburn tracker<\/span>.<\/span><\/p>\n

HOURLY SHIB UPDATE$SHIB Price: $0.00000723 (1hr 0.16% \u25b2 | 24hr -0.47% \u25bc )
\nMarket Cap: $4,259,485,087 (-0.53% \u25bc)
\nTotal Supply: 589,339,392,895,097<\/p>\n

TOKENS BURNT
\nPast hour: 2,671,046 (2 transactions)
\nPast 24Hrs: 50,430,344 (61.06% \u25b2)
\nPast 7 Days: 426,377,516 (-41.81% \u25bc)<\/p>\n

\u2014 Shibburn (@shibburn) October 5, 2023<\/p>\n

SHIB’s Resilience And Current Market Performance<\/strong><\/h2>\n

The ongoing efforts by Shiba Inu enthusiasts to burn SHIB tokens have been highly successful. To date, a remarkable 410 trillion-plus SHIB tokens have been deliberately removed from circulation, signaling a concerted commitment to creating scarcity in the market.<\/span><\/p>\n

The resurgence in SHIB activity follows a period of rapid growth in the SHIB ecosystem. Despite recent market fluctuations, SHIB is currently valued at $0.00000720 <\/span>according to CoinGecko<\/span>, experiencing a slight 0.9% decline over the last 24 hours and a modest 2.2% dip over the past seven days.<\/span><\/p>\n

These developments in the world of Shiba Inu (SHIB) underscore the resilience of meme-based cryptocurrencies and the unwavering enthusiasm of its community, making it a cryptocurrency to watch closely in the coming weeks and months.<\/span><\/p>\n

Featured image from Channel Futures<\/span><\/em><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Large-scale transactions of Shiba Inu tokens have once again captured the attention of the cryptocurrency…<\/p>\n","protected":false},"author":4,"featured_media":194652,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nTrillions In Shiba Inu On The Move: What Lies Ahead - Tokens Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tokenstalk.info\/crypto\/trillions-in-shiba-inu-on-the-move-what-lies-ahead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trillions In Shiba Inu On The Move: What Lies Ahead - Tokens Talk\" \/>\n<meta property=\"og:description\" content=\"Large-scale transactions of Shiba Inu tokens have once again captured the attention of the cryptocurrency...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tokenstalk.info\/crypto\/trillions-in-shiba-inu-on-the-move-what-lies-ahead\/\" \/>\n<meta property=\"og:site_name\" content=\"Tokens Talk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-06T11:40:46+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/10\/Trillions-In-Shiba-Inu-On-The-Move-What-Lies-Ahead.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tokenstalk.info\/crypto\/trillions-in-shiba-inu-on-the-move-what-lies-ahead\/\",\"url\":\"https:\/\/tokenstalk.info\/crypto\/trillions-in-shiba-inu-on-the-move-what-lies-ahead\/\",\"name\":\"Trillions In Shiba Inu On The Move: What Lies Ahead - Tokens Talk\",\"isPartOf\":{\"@id\":\"https:\/\/tokenstalk.info\/#website\"},\"datePublished\":\"2023-10-06T11:40:46+00:00\",\"dateModified\":\"2023-10-06T11:40:46+00:00\",\"author\":{\"@id\":\"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab\"},\"breadcrumb\":{\"@id\":\"https:\/\/tokenstalk.info\/crypto\/trillions-in-shiba-inu-on-the-move-what-lies-ahead\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tokenstalk.info\/crypto\/trillions-in-shiba-inu-on-the-move-what-lies-ahead\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tokenstalk.info\/crypto\/trillions-in-shiba-inu-on-the-move-what-lies-ahead\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tokenstalk.info\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trillions In Shiba Inu On The Move: What Lies Ahead\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tokenstalk.info\/#website\",\"url\":\"https:\/\/tokenstalk.info\/\",\"name\":\"Tokens Talk\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tokenstalk.info\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab\",\"name\":\"mediabest\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tokenstalk.info\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g\",\"caption\":\"mediabest\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Trillions In Shiba Inu On The Move: What Lies Ahead - Tokens Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tokenstalk.info\/crypto\/trillions-in-shiba-inu-on-the-move-what-lies-ahead\/","og_locale":"en_US","og_type":"article","og_title":"Trillions In Shiba Inu On The Move: What Lies Ahead - Tokens Talk","og_description":"Large-scale transactions of Shiba Inu tokens have once again captured the attention of the cryptocurrency...","og_url":"https:\/\/tokenstalk.info\/crypto\/trillions-in-shiba-inu-on-the-move-what-lies-ahead\/","og_site_name":"Tokens Talk","article_published_time":"2023-10-06T11:40:46+00:00","author":"mediabest","twitter_card":"summary_large_image","twitter_image":"https:\/\/tokenstalk.info\/wp-content\/uploads\/2023\/10\/Trillions-In-Shiba-Inu-On-The-Move-What-Lies-Ahead.jpg","twitter_misc":{"Written by":"mediabest","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tokenstalk.info\/crypto\/trillions-in-shiba-inu-on-the-move-what-lies-ahead\/","url":"https:\/\/tokenstalk.info\/crypto\/trillions-in-shiba-inu-on-the-move-what-lies-ahead\/","name":"Trillions In Shiba Inu On The Move: What Lies Ahead - Tokens Talk","isPartOf":{"@id":"https:\/\/tokenstalk.info\/#website"},"datePublished":"2023-10-06T11:40:46+00:00","dateModified":"2023-10-06T11:40:46+00:00","author":{"@id":"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab"},"breadcrumb":{"@id":"https:\/\/tokenstalk.info\/crypto\/trillions-in-shiba-inu-on-the-move-what-lies-ahead\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tokenstalk.info\/crypto\/trillions-in-shiba-inu-on-the-move-what-lies-ahead\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/tokenstalk.info\/crypto\/trillions-in-shiba-inu-on-the-move-what-lies-ahead\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tokenstalk.info\/"},{"@type":"ListItem","position":2,"name":"Trillions In Shiba Inu On The Move: What Lies Ahead"}]},{"@type":"WebSite","@id":"https:\/\/tokenstalk.info\/#website","url":"https:\/\/tokenstalk.info\/","name":"Tokens Talk","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tokenstalk.info\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tokenstalk.info\/#\/schema\/person\/6f5c93d641f4dc4ea25a3807d041e4ab","name":"mediabest","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tokenstalk.info\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f13cb3b94fc348d515c0951f6ca073?s=96&d=mm&r=g","caption":"mediabest"}}]}},"_links":{"self":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/posts\/194653"}],"collection":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/comments?post=194653"}],"version-history":[{"count":0,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/posts\/194653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/media\/194652"}],"wp:attachment":[{"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/media?parent=194653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/categories?post=194653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tokenstalk.info\/wp-json\/wp\/v2\/tags?post=194653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}