According to crypto analytics portal CryptEye, an unknown major investor has purchased $730,000 worth of SHIB in the last 24 hours, which equates to about 70.86 billion SHIB. A total of $833,498 has been spent on SHIB purchases over the past seven days by this cryptocurrency whale. Besides, the investor’s portfolio has $31.15 million worth of meme coins, equal to 3 trillion SHIB.
Koinfinans.com As we reported, the purchase came on the day the SHIB price fell more than 7%. The price of SHIB, which entered the new week with a price of $ 0.000011, dropped so much that it added another zero in monetary terms. The highest value that the meme coin price reached this week was $0.00001175, while the lowest value was $0.000009993.
Even so, since yesterday’s most painful drop, an investor may have already managed to gain 2% to 3% on their purchase.
Whales’ meme coin obsession
Considering that SHIB has the largest share in the portfolio after Ethereum, it is difficult to know who this whale is and whether it is directly linked to the Shiba Inu project. According to WhaleStats, other than ETH cryptocurrency Among its units, SHIB accounts for 73% of the portfolio.
Additionally, the meme coin still has a large share in the portfolios of the hundred largest Ethereum whales. According to the same data, 5.11% of the total portfolio of this large group of investors is owned by SHIB, which is equivalent to $126.4 million.
SHIB’s burn rate decreased
According to data published on the Shibburn website, in the last 24 hours, various organizations and individuals in the SHIB military have placed 25,023,396 in dead-end wallets that they will be permanently locked into. SHIB token conveyed.
This burn is Shiba Inu’s general breast coin burn shows a decrease of 45 percent.
The coin burning is carried out with the aim of making the canine cryptocurrency more limited and reducing the circulating supply of the Shiba Inu.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.