Shiba Inu (SHIB) burn activity has seen a dramatic increase of 545%. This significant rise is primarily driven by two large, anonymous whale transactions. The two transactions involved the transfer of 52 million XRP over a span, leading to the incineration of millions of SHIB tokens.
These significant burns highlight the ongoing interest and activity in the Shiba Inu ecosystem.
The actions of these whales could potentially influence market dynamics for SHIB.