Shiba Inu: Whale Movements Increase 2300% Amid Price Surge
According to the data on IntoTheBlock, Shiba Inu (SHIB) witnessed a major spike in whale movements over the weekend. Over the weekend, SHIB whaled added 4.52 trillion SHIB tokens to their wallets. The influx translates to a spike of 2300% from Friday. Moreover, tokens flowing out of whale accounts have also seen a significant drop. While 281.83 billion SHIB tokens moved out of whale accounts on Friday, this metric fell to 29.13 billion over the weekend. Also Read: Shiba Inu Forecasted to Rise 600%: Here’s When The whale movements come amid a larger market bullishness. SHIB’s price has surged 2.6% in the weekly charts and by 2.2% in the last 24 hours. Source: CoinGecko However, despite the increase in activity, SHIB’s burn rate continues to struggle. According to Shibburn, SHIB’s burn rate stands at -35.99%, with about 18 million tokens destroyed in the last 24 hours. Will Shiba Inu continue to rally? Source – Coin68 The crypto markets are cur...