Despite significant whale movements and token burns, Shiba Inu (SHIB) did not experience a rally last week. A notable transaction involved the movement of 2 trillion SHIB tokens between Crypto.com's hot wallets, valued at $78.5 million. Additionally, a transfer of 332.4 million SHIB tokens from Cumberland to an unknown wallet was recorded. A single transaction burned 211.5 million SHIB tokens. The total number of SHIB addresses reached a new high of 3.88 million, with 1.29 million currently holding the token. Shibarium's TVL hit a new peak of $2.25 million on March 5, supported by cheaper fees and faster transactions. SHIB's price correlation with Bitcoin is at 0.92, indicating a parallel movement.