This top whale continues to buy massive chunks of Shiba Inu this week — hundreds of billions of tokens
Whale “BlueWhale0073” has purchased several hundred billion Shiba Inu meme coins for the second day this week. The price of the well-known meme cryptocurrency SHIB has started to rise in the interim and has “burned” the zero it added the day before due to the collapse of the cryptocurrency market.
🐳 ETH whale “BlueWhale0073” just bought 215,815,570,539 $shib ($2,209,951 USD).
Ranked #254 on WhaleStats: https://t.co/RBupemZyZX
Transaction: https://t.co/aAm9da91M9#SHIB #ShibArmy
— WhaleStats (tracking crypto whales) (@WhaleStats) March 10, 2023
The Ethereum whale bought 215,815,570,539 SHIB in total for $2,209,951 in currency 12 hours ago, according to the WhaleStats tracker, which collects wallet data on multiple significant chains.
The same whale purchased 126,120,815,899 SHIB on Friday earlier this week, and on March 7, he added a staggering 200,000,000,000 Shiba Inu to his cryptocurrency holdings. For the last six days, this investor has purchased 542 billion SHIB.
This whale sold the SHIB shortly after each acquisition. This meme coin can provide a respectable profit even if purchased in bulk and sold with a tiny price difference.
Shiba Inu, the second-largest meme token, has increased by 4.22% over the previous 24 hours, going up to remove the fifth zero from its price. SHIB is currently trading at $0.00001012. SHIB has finally bounced back from yesterday’s decline to $0.000009764.
SHIB/USD 4-hour chart | Source: TradingView
The SHIB army has also been burning Shiba Inu coins more frequently lately. Shibarium beta will finally be released this week, according to the official SHIB Twitter account, which is likely what motivated it. The Shibburn tracker shows that the SHIB community sent 489,895,235 SHIB to dead wallets during the last day. This increased the burn rate by 220% from the previous day.
2 billion SHIB tokens were burned in less than 24 hours earlier this week, registering a startling increase in burn rate of 27,000%.
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