Nearly 90 million SHIB tokens were removed from circulation in the past 24 hours, and Shiba Inu's burning rate surged by 50,000%.

Spot On Chain monitoring found that approximately 16 hours ago, 11 wallets (possibly belonging to one person) collectively sold 533.6 billion SHIB at a price of about $0.00003, acquiring 15.99 million DAI and achieving a joint profit of $8.24 million (+106%) in less than a month. Currently, these 11 wallets still hold the newly acquired DAI.

A trader deposited 1.24 trillion SHIB ($35.16 million) into Binance and Gate.io 16 hours ago. If sold, the trader could realize a profit of $23.5 million (+146%), as monitored by Spot On Chain. It is worth noting that this trader made a profit of $46.53 million from FLOKI and BIGTIME on March 9th and 10th.

On March 10th, Rune Christensen, the founder of MakerDAO, has accumulated 1008 MKR worth $2.43 million at an average cost of $2408 over the past 24 hours, as monitored by @ai_9684xtpa. During this process, Rune sold 425,000 LDO ($1.44 million) and 25 billion SHIB ($830,000), and has now completely cleared out of SHIB.

Lookonchain monitoring data shows that a whale has deposited 365.36 billion SHIB (worth $5.76 million) into Binance through 5 addresses in the past 11 hours to make a profit. From November 17th to December 27th, 2023, the whale withdrew 365.36 billion SHIB (worth $3.24 million) from Binance. If they sell all of their SHIB, they will earn over $2.5 million.

Whale Alert monitored that around 7:47 on March 2nd Beijing time, an address starting with "0x73af" transferred 3,023,255,579,400 SHIB tokens to an address starting with "0x40b3" on the Ethereum chain, worth approximately $49,933,096.

Lucie, a member of the Shiba Inu team responsible for marketing, posted on X platform to remind the cryptocurrency community that there is currently no airdrop activity for SHIB, and any claims related to SHIB airdrops are potential traps for stealing user assets. Lucie warns the community to be vigilant against scammers who publish airdrops and phishing URLs, and users should obtain information through official channels and verify information before clicking on any links on X platform. In addition, Lucie also stated that a fake account for the new NFT series "Sheboshi" has been found on social media platforms. This NFT series has already been minted, but there is no airdrop for it either.

According to Spot on Chain data monitoring, the whale 0x30e sold 421.6 billion SHIB (worth $3.98 million) at a price of $0.059437 in the past 6 hours, including:

According to Scopescan monitoring, 5 hours ago, a whale with an address starting with "0xF633" withdrew 500 billion SHIB (4.73 million US dollars) from Gate.io. In the past 24 hours, this whale has accumulated 1.08 trillion SHIB (10.27 million US dollars) from Binance and Gate.io.

According to Spot On Chain monitoring, a whale with an address starting with 0xf63 has just extracted 546 billion SHIB (worth $4.93 million) from Binance at a price of $0.00000902. In the past 1.5 months, five whales (including Justin Sun) have extracted a total of 2.742 trillion SHIB ($25.2 million, price: $0.00000921) from Binance.