600 billion SHIB mysteriously launched by Robinhood – What is happening?
Popular cryptocurrency tracker Whale Alert, which tracks large crypto transfers, has publicized the removal of several hundred billion SHIB meme coins from leading trading platform Robinhood. The destination of this transfer is an anonymous wallet.
Besides this massive SHIB transfer, Whale Alert also spotted two other large crypto transactions, as 326 million Dogecoin was moved from the same platform. 600 billion SHIB and 326 million DOGE moving. The huge transfer of more than half a trillion Shiba Inu meme coins were detected by the aforementioned data source about 13 hours ago. In fiat, this is the equivalent of $13,713,299. The transaction was carried out on a blockchain
wallet marked by Whale Alert as unknown.
This transaction was made between two large transfers of another popular meme cryptocurrency - Dogecoin: 200,000,000 and 126,705,738 DOGE (nearly 327 million DOGE in total), valued at $28,790,166 and 18,431,371 $.
Overall, SHIB whale activity has seen a drastic increase in recent times; over the past week, a staggering 17 trillion SHIB has been transferred, according to data shared by Into TheBlock.
The key SHIB metric climbs 2,814%.
According to Explorer Shibburn, as of yesterday morning, the SHIB community has made significant progress in reducing the SHIB supply in circulation. Their joint efforts to burn SHIB helped increase the burn rate by 2,814%, sending a total of 7,912,388 Shiba Inu meme coins to unusable blockchain addresses.
There have been seven burn transfers in total so far, with the three largest carrying 4,320,587; 1 538 128 et 1 031 814 SHIB.
