‘Dogecoin Killer’ Shiba Inu Witnesses Record Withdrawal: 8 Trillion Tokens Exit Exchanges Since November

A meme-based cryptocurrency has experienced a massive withdrawal of 8 trillion tokens since November—and Shiba Inu SHIB/USD is at the wheel. According to IntoTheBlock data, sizable retail- and whale-level investments have spiked in heritage, the largest such blossoming transaction racking up at a whopping $158.1 million across 15.34 trillion Shiba Inu tokens. The same data suggests even more bullish price support is building, with transactions between $0.00 and $1.00 experience a 25.71% increase.

Recent major movements linked to Tron TRON/USD founder Justin Sun indicate that large-scale investing communities are confident that Shiba Inu will become the leader among ‘Dogecoin Killer’ cryptocurrencies. That hype is also manifested in the uptick of SHIB burning, which this week amounted to an impressive 17 billion tokens! A new partnership between Shiba Inu entering into a joint venture with domain intermediary, D3 Global, may also provide the extra spark necessary to propel rates past $0.00001089—which are holding steady, despite a slight decline since this morning.

Robert Wilson author
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