SHIB Burns Surge Drastically With 91 Million Coins Scorched by Mysterious Whale

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SHIB Burns Surge Drastically With 91 Million Coins Scorched by Mysterious Whale
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Mammoth SHIB burn rise detected, while meme coin's price has made another attempt to recover

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Still, despite the constant burns, the overall SHIB supply remains practically unchanged and constitutes 589,275,241,204,667 SHIB meme coins. A total of 410,724,758,795,332 SHIB have been locked in dead-end wallets already, and 6,536,456,176,031 SHIB have been locked in staking wallets on various exchanges and DeFi platforms.

The 692,400,000,000 SHIB were withdrawn by a mysterious whale to a private wallet, after spending $19,260,837 in fiat on that massive SHIB chunk. According to Etherscan, this was a brand new wallet with only three transactions performed in total.

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