Surge in Shiba Inu Price Prompts Massive Transfer of 28 Billion SHIB to Top Exchanges

• Recent data reveals a movement of 27.6 billion SHIB.
• Anonymous wallets shift 17 billion Shiba Inu to leading exchanges: Binance and Coinbase
• Large volume of SHIB purchased on Binance, including 1.1 billion SHIB acquired via jump trading

Recent data shared by Etherscan indicates significant transfers of Shiba Inu meme coins within the past few hours. A total of 27.6 billion Shiba Inu were moved in five transactions, with the largest transfer consisting of 10 billion SHIB.

Anonymous wallets were responsible for moving approximately 17 billion Shiba Inu to addresses associated with leading crypto exchanges, namely Binance and Coinbase. Additionally, 6,039,968,812 SHIB were sent to a Coinbase 10 wallet, while 9,988,799,999 SHIB were transferred to Binance 14 wallet by an anonymous whale.

Shiba Inu whales moving SHIB after surge

It appears that these particular portions of Shiba Inu were intended for selling purposes by their owners. However, the data suggests a larger volume of SHIB was bought, including 1,140,690,612 SHIB acquired on Binance through the company Jump Trading.

Furthermore, 6,039,968,812 SHIB were sent from the Binance 14 wallet to an anonymous address, and 4,569,449,905 SHIB meme coins were transferred from one unknown address to another. Last week, Whale Alert, a popular crypto tracker, reported two substantial transfers of Shiba Inu, each involving the movement of 3,811,233,843,288 SHIB tokens from an anonymous address to a new wallet.

According to recent data shared by Shibburn, the burn rate of SHIB has experienced a significant increase of over 1,000% within the last 24 hours. A total of 15,487,160 SHIB coins were destroyed during this period. The SHIB community continues to actively burn these meme tokens, effectively removing them from circulation by transferring them to dormant wallets.