June 19 (Cointime) - Recent data from Etherscan shows that large transfers of Shiba Inu meme coins have occurred, with a total of 27.6 billion SHIB being moved in five transactions. Anonymous wallets moved around 17 billion SHIB to addresses linked to major crypto exchanges Binance and Coinbase.

While some SHIB was sold, a larger amount was bought, with 1,140,690,612 SHIB being purchased on Binance via Jump Trading company. The SHIB community continues to burn these tokens to reduce the circulating supply and increase scarcity, with over 15 million SHIB being destroyed in the past 24 hours.