Shiba Inu is The Most Popular Asset Among New Crypto Wallets.

Mysterious wallets are burning millions of Shiba Inu on daily basis.

Shiba Inu (SHIB) price rally backed by the Shibarium update and Ethereum (ETH) whales buying saw a decline on Thursday. World’s second largest meme crypto’s price dropped by over 9% in the last 24 hours. Just after the massive SHIB price pump, the whale tracker reported a big whale transaction which could be a probable reason behind the recent price drop.

Shiba Inu [SHIB] performed remarkably well on the price charts in January 2023. SHIB flipped Staked ETH [stETH] for the biggest holding by dollars among the top 500 Ethereum [ETH] whales. Some selling pressure was noted in the past couple of days, which sparked debate on whether the asset has reached a local top.

Shiba Inu had a fantastic week so far, managing to book a double-digit price increase.

Shiba Inu is hoping to become more than just a Dogecoin-inspired meme cryptocurrency as it comes closer to launching its layer-2 network called Shibarium. Meanwhile, the SHIB token has emerged as one of the best-performers so far in 2023.

Although the substantial price increases in the cryptocurrency sector since the year’s turn have started to slow down, Shiba Inu (SHIB) is still recording powerful advances on its charts, positioning it as the leader in daily market gains among all cryptocurrencies.

Over 52.28 Million Shiba Inu has been burned in the past 24 hours as SHIB becomes the biggest gainer in the top 20 cryptocurrencies.

The native token of the Curve protocol, $CRV, has overtaken the meme-inspired cryptocurrency Shiba Inu ($SHIB) as the most traded token on-chain among Ethereum’s 500 largest whales ahead of the expected launch of Shibarium.

Over 36.42 Million Shiba Inu (SHIB) has been burned by the Mysterious Wallet in a Single Transaction.