Shiba Inu Burns Accelerate as Whales Accumulate; Token Activity Slows on Shibarium
- Shiba Inu token burn rate sees 1600% spike in 24 hrs - 88M tokens sent to dead wallet
- Activity driven by 3 anonymous wallets sending 83M tokens to dead wallet
- Coincides with Ethereum whales buying 237B SHIB tokens
- 5 anonymous addresses gathered 5.8 trillion SHIB worth $57M
- Shibarium network daily transactions dropped from 7M to under 2M recently