Over $29.93 Million Worth of Shiba Inu (SHIB) moved from an unknown whale to a brand-new wallet.

Shiba Inu Community collectively transferred a total of 17,120,687 (17.12M) SHIB to the dead wallet via five separate transactions in the past 24 hours.

As per data from the crypto transaction tracker service Whale Alert, a massive Shiba Inu transfer has taken place during the past day. This transaction involved the movement of 4,000,000,000,000 SHIB on the Ethereum blockchain, worth about $34.7 million at the time of the transfer.

On Jan. 10 at 08:00 UTC, Binance unstaked $110.28 million worth of SHIBA INU (SHIB) and re-staked 4 trillion SHIB tokens, which equates to around $34.84 million, according to data shared by Arkham Crypto Intelligence.

Shiba inu moved to a five-week high during Tuesday’s session, despite cryptocurrency markets mostly consolidating. As of writing, the global crypto market cap is trading 0.20% lower, however the meme coin is up by nearly 5%. Apecoin also surged in today’s session, as it rose to its strongest point since November.

Shiba Inu will feature at the ongoing men’s fashion event in Florence.

4 Trillion Shiba Inu (SHIB) moved from Binance to ShibaSwap.

Blockchain security pioneer CertiK ranks meme coin Shiba Inu (SHIB) as the 2nd most secure crypto project in the Web3 Security Leaderboard report. Shiba Inu received an overall score of 93, which is based on a crypto project’s relative security, market performance, and social sentiment. Moreover, SHIB ranks first in the Top Watchlisted DEX Projects for its native decentralized exchange ShibaSwap.

Shiba Inu enters the new year with collaborations, as the team behind Shib recently hinted at a partnership with the Bugatti Group, a leading manufacturer and distributor of baggage and business accessories based in Canada.

Etherscan.io data reveals that the world’s largest cryptocurrency exchange, Binance now holds a staggering 83 Trillion SHIB, worth $738,549,274 ($738.54M) in two of its associated wallets tagged “Binance 28” and “Binance 8”.

The SHIB Army maintains its commitment to burning SHIB.

Shiba Inu Ecosystem’s long planned Layer 2 blockchain solution, Shibarium dropped a much anticipated update. It highlighted that the Beta launch is expected to happen in early 2023.

As reported by Whale Alert, the tracker of large transactions of cryptocurrencies, an anonymous Shiba Inu whale sent about 3.37 trillion SHIB to another wallet of unknown origin.

Dogecoin raced to a multi-week high on Jan. 5, as meme coins rose higher following recent days of consolidation. The coin climbed for a second straight session on Thursday, which comes ahead of Friday’s U.S. nonfarm payrolls numbers. Shiba inu was also in the green, after today’s gains.

Shibarium Network, the official Twitter handle of the Shibarium blockchain, updates the community about the upcoming launch of the Shibarium Beta Network. It hints that the launch of surrounding Shiba Inu’s Shibarium Layer-2 blockchain solution is indeed near. In the 2 weeks, Shiba Inu core developers Shytoshi Kusama and Trophias, and the Shiba Inu ecosystem dropped several hints about the Shibarium beta launch.

Shiba Inu (SHIB) price picks up momentum as Ethereum whales scoop massive Shiba Inu coins. While core developers and Shiba Inu Ecosystem tease the launch of the Shibarium Layer-2 blockchain soon, the community expects a massive rise in SHIB burn and utility on the chain in 2023.

Shibburn.com recently reported the SHIB burn figure for 2022. As per the data released, the Shiba Inu community collectively has permanently taken out a staggering 83,347,071,504 (83.34B) SHIB from circulation through 6,395 separate burn transactions in the year 2022.

Holders burned over 302.50 Million Shiba Inu in the past 24 hours, with 297.29 Million burned in one massive transaction.

Shiba Inu [SHIB] has traded between $0.00000792 and $0.00000854 since 17 December. The meme coin’s price action was confined to the upper trading range but fell into the lower range on 27 December.

According to popular WhaleStats wallet tracker, the second largest meme coin Shiba Inu has again emerged on the top 10 list of whales' holdings. However, these largest wallets on the Ethereum chain contain a lot less Shiba Inu than they did last month and in the first half of December.