Mysterious Transfer of 41 Billion SHIB to Top US Exchanges: Unraveling the Cryptic Move

Whales deposit 41 billion SHIB

According to data shared by the Etherscan blockchain tracker, over the past few hours, anonymous whales have transferred tens of billions of Shiba Inu meme coins to large U.S.-based crypto exchanges Coinbase and Kraken.

SHIB burn rate skyrockets

Data provided by the Shibburn tracking platform shows an impressive rise of 1,072% in the burn metric during the period of the last 24 hours.

In total, 19,761,244 SHIB have been transferred to unspendable wallets since yesterday morning. This progress has been achieved thanks to five SHIB burn transactions. The largest two transfers carried 6,942,000 SHIB each to dead-end blockchain addresses, and they were made by the same anonymous wallet five hours ago.