136.86 billion SHIB seized by Fresh Wallet as price burns zero.
According to data shared by blockchain detective @lookonchain, a new whale wallet purchased a huge bundle of meme coins -136.86 billion SHIB in total. This amount of Shiba Inu is valued at approximately $1.38 million.
This isn't the only new whale to acquire impressive quantities of SHIB this year. A ânewly bornâ cryptocurrency whale has accumulated a whopping 546 billion SHIB on Binance, the equivalent of almost $10 million.
Additionally, Tron founder and now owner of the Poloniex and Huobi exchanges, Justin Sun, recently purchased a massive amount of Shiba Inu on the Binance exchange, including half a trillion. A member of the Shiba Inu team, @vetkusama, shared two likely reasons why Sun might have done this.
The first was that maybe he wanted to do a personal SHIB burn and transfer those 500 billion SHIBs to unusable blockchain addresses. The second was that Sun may be considering creating a bridge between the Tron and Shibarium blockchains. No statement on either option followed from Justin Sun, however.
The SHIB price eliminates zero.
@lookonchain added that over the past month, the second largest dog-themed cryptocurrency by market capitalization, SHIB, saw only an increase of 4.86%, while Bitcoin jumped 9.78%, and the second largest coin, Ethereum, posted a 16.09% rise. increase.
However, in the last 24 hours, Shiba Inu price has climbed over 12%, clearing a zero and reaching the $0.00001030 level, where it is trading at the time of writing.
SHIB's sudden growth was propelled by the news that American Securities Communism has finally given the green light to spot-based Bitcoin ETFs.
