In a curious twist of fate, the esteemed cryptocurrency analyst and trader, Ali Martinez, has unveiled a rather intriguing chart, courtesy of the on-chain data aggregator Santiment. One might say it’s a chart that could make even the most stoic of investors raise an eyebrow.
This chart, a veritable tapestry of numbers and lines, reveals a staggering decline in whale activity on the Shibarium network over the past 90 days. It appears that our aquatic friends have decided to take an extended vacation, perhaps to a tropical paradise where the only thing they trade is sunscreen.
SHIB whales’ activity declines
According to the Santiment chart, which Martinez so graciously shared, there has been a monumental drop in SHIB whale transactions since the early days of December 2024. The chart, much like a sad love letter, registers SHIB transfers exceeding $1 million, all but disappearing into the ether of the blockchain.
As the SHIB price plummeted from $0.000033 to $0.000016, one can only wonder if the whales are now swimming in a sea of regret. Ali, with a flair for the dramatic, noted that since December 6, whale activity on the Shiba Inu network has plummeted by a staggering 79%. One can almost hear the echoes of their splashes fading away.
Whale activity on the #ShibaInu $SHIB network has declined by 79% over the past three months.
— Ali (@ali_charts) February 22, 2025
SHIB burns skyrocket 134%
In a delightful turn of events, the SHIB community has taken it upon themselves to ignite the burn rate, pushing it up with the enthusiasm of a child at a candy store. According to a recent tweet from the Shibburn tracker, the community has managed to dispose of a staggering 34,245,582 SHIB in just one day. Talk about a spring cleaning!
This impressive feat has propelled the burn rate to a jaw-dropping 133.66%. The two largest burn transactions, carrying 20,423,263 and 13,046,414 Shiba Inu meme coins, could easily be mistaken for a competitive sport. Who knew burning coins could be so exhilarating?
As for the weekly burn rate, it too has shown a remarkable increase, soaring by 120.3%. Over the past week, a total of 128,221,396 SHIB has been locked away in unspendable blockchain wallets, effectively disappearing from circulation. It’s like a magic trick, but with less applause and more confusion.
SHIB market performance
Meanwhile, the second largest meme-themed cryptocurrency, SHIB, has displayed a modest increase of nearly 3% since Friday. It seems to be attempting a recovery after a rather disheartening 6.57% decline that occurred on Thursday. One can only hope that SHIB is not just a fleeting trend, like a summer romance.
At the time of this writing, SHIB is changing hands at $0.00001540, a price that might make some investors weep quietly into their coffee.
Read More
- Top 5 Swords in Kingdom Come Deliverance 2
- Best Avowed Mage Build
- Reverse: 1999 – Don’t Miss These Rare Character Banners and Future Upcoming Updates!
- How to Use Keys in A Game About Digging A Hole
- Brent Oil Forecast
- OKB PREDICTION. OKB cryptocurrency
- EUR AUD PREDICTION
- 8 Best Souls-Like Games With Co-op
- Captain America: Brave New World Director Addresses The Film’s Biggest Loss
- LUNC PREDICTION. LUNC cryptocurrency
2025-02-22 13:08