According to the latest report, a prominent Shiba Inu whale has been on a buying binge. Etherscan data revealed that the 19th largest Shiba Inu whale purchased over $1.55 million worth of SHIB, amounting to 150,553,500,877 tokens. The whale acquired the tokens in three separate transactions in the last 24 hours. This purchasing spree by the whale occurred simultaneously with a large-scale token burn initiative by the SHIB community.
Shiba Inu Whale On Buying Spree
According to Etherscan data, the 19th-largest Shiba Inu whale recently purchased a total of 150,553,500,877 SHIB tokens, valued at over $1.55 million, in three transactions over the past 24 hours. The first transaction involved 16,099,042,840 SHIB tokens, followed by the second transaction of 108,040,560,167 SHIB tokens, and then the third transaction of 26,413,897,870 SHIB tokens. This buying spree occurred amid a period of intense token burning by the SHIB community.
This same whale had previously acquired over 168.37 billion SHIB tokens on April 25, in two separate transactions worth about $1.72 million. As of now, the Shiba Inu whale holds a total of 5,178,454,552,701 SHIB tokens, which are currently valued at approximately $53.33 million.
SHIB Community Burns Over 2 Million SHIB On the Last Day
Recent data from Etherscan shows that a top Shiba Inu whale has purchased over $1.55 million worth of SHIB tokens in three separate transactions in the past 24 hours. The whale now holds a total of 5,178,454,552,701 SHIB tokens, which are currently worth approximately $53.33 million.
The Shiba Inu community has also continued its burning spree, with over 2 million SHIB tokens sent to the dead wallet in the last 24 hours alone. The recent spike in burn activity was to compensate for the drop in burn rate that occurred on April 27th, when only 47,664 SHIB tokens were burned. This resulted in a 96% decline in the burn rate from the April 26 levels.
However, the community has recently stepped up its game again, with a recent boost in the burn rate suggesting renewed commitment to the burn initiative. To date, the community has burned 410.63 trillion SHIB tokens, leaving a total supply of 589.366 trillion tokens and a circulating supply of 574.087 trillion.
As of now, the price of Shiba Inu (SHIB) is experiencing a bearish trend compared to the overall cryptocurrency market cap, which has increased by 0.59% in the last 24 hours. Currently, SHIB is trading at $0.0000102 with a 0.29% decrease in its price over the past 24 hours.
#SHIB #shibainu #WhaleAlert #whale #crypto
Source: bitcoinist
image Source: ai
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