SHIB has lately been under scrutiny in the cryptocurrency market because of the massive increase in its burn rate, which according to recent reports has topped 50%. Other similar projects, such as the Shiba Inu Metaverse, cold wallet, and SHIB burn, are also being developed by the community. The lack of information about the Shibarium launch has negatively affected the price of SHIB and BONE, despite hints from lead dev Shytoshi Kusama. The mainnet release of the Layer-2 blockchain Shibarium is scheduled for the end of the year, and the Shiba Inu community is eagerly awaiting it. However, the potential for the dumping of trillions of SHIB tokens in a single transaction raises concerns. Unstaking incidents involving millions of SHIB tokens are par for the course. The Shiba Inu community has responded to the large-scale move to Binance, with some members wondering whether this portends a decline in price. ![]() The Shiba Inu (SHIB) tokens worth $31,709,005 were unlocked from staking and transferred to Binance on June 9, according to a tweet from Whale Alert, a service that tracks whale activity in the cryptocurrency market. Community members are wondering whether the SHIB price would see another collapse after the big unstaking of Shiba Inu tokens. On Friday, Whale Alert claimed that 4 trillion Shiba Inu (SHIB) tokens, worth millions of dollars, were transferred from Shiba Staking to Binance, a cryptocurrency exchange. The potential for the dumping of trillions of SHIB in a single transaction raises concerns.SHIB tokens worth $31,709,005 were unlocked from staking and transferred to Binance.
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