Top investors have bought nearly 600 billion SHIB worth $7.8 million
According to WhaleStats, over the past 24 hours, the largest whales on Ethereum have scooped up nearly $8 million worth of SHIB – nearly 600 billion Shiba Inu.
600 billion SHIB added to wallets
WhaleStats focused on the largest cryptocurrency wallets shows that over the past 24 hours, the top 100 Ethereum whales have purchased $7.8 million in the second largest canine crypto Shiba Inu. This constitutes an astounding 598,618,572,524 meme coins.
At press time, a total of $155,743,555 worth of SHIB has settled in their wallets. SHIB now comprises 5.29% of its portfolio. They held $148 million in Shiba Inu.
SHIB holder count hits ATH The number of wallets holding SHIB has reached a new historic high, adding nearly 3,500 holders in the past four days. Tweet of the Shib 2022 user came out on Friday and it shows 1,219,811. However, today’s data from WhaleStats says that the current number of SHIB holders stands at 1,220,124. Still, BabyDoge remains ahead of Shiba Inu with 1,613,902 token.
In the past hour, #BABYDOGE has gained 9 new holders. The total number of #BABYDOGE holders is now 1,613,902. #BabyDogeCoin #BabyDogeArmy
— Burn BabyDoge (@babydogeburn_) September 10, 2022
Major SHIB burn tracker says that the burn rate has surged dramatically today
Shibburn Twitter account which represents the same-name burn tracker has announced on its website that over the past 24 hours, the overall burn rate of Shiba Inu soared by nearly 260%.
At the same time, in the past 24 hours, a total of 58,173,918 meme tokens have been sent to “inferno” wallets, in which SHIB gets permanently locked and cannot be spent or otherwise withdrawn. It has taken the SHIB army ten transfers to shovel that amount of Shiba Inu.
These moves of SHIB to dead wallets are undertaken by the community regularly with the purpose of decreasing the circulating supply of SHIB and making it a more scarce asset. In theory, this should raise the token’s price in the future. However, now that, roughly half of the supply in circulation has been burnt, the price has not been affected.
Mysterious whale sells 368 billion SHIB In the meantime, while some are burning SHIB, others are selling it, making healthy profits. As reported by @shibaplay_ Twitter user, a mysterious wallet has shifted a total of 367,551,968,153 Shiba Inu. The transaction took place slightly over seven hours ago, according to Etherscan. The crypto was sent to the gate.io exchange, apparently to be sold. This many SHIB is worth $4,759,797 at the time of writing.
Whale alert 🚨: 367,551,968,153 $SHIB transferred.
check details 👇🏻 https://t.co/obnmdqKxMp— ShibaPlay (@shibaplay_) September 10, 2022
Read more:
- Shiba Inu (SHIB) And Cardano Are Among The Most Googled Cryptocurrencies Throughout Europe
- Shiba Inu (SHIB) Also Attracted A Significant Number Of Investors