Posted 12/26/2023, 9:00:27 PM
Mysterious Whale Burns Over $46 Million in SHIB Tokens, Sparking 20% Price Surge
- A mysterious Shiba Inu whale moved over 4 trillion SHIB tokens worth $46 million
- SHIB's burn rate has surged 2,183% in the last 24 hours, with over 54 million tokens burned
- Shibarium, SHIB's layer-2 solution, launched earlier this year but experienced technical issues
- Shibarium is now processing over 5 million transactions daily, with 7.53 million transactions in the last 24 hours
- SHIB is currently trading around $0.0000109, up about 20% since the start of December