- The popular dog cryptocurrency, which makes headlines every day with its burns, has topped the list of the largest holdings of whales after an anonymous whale added trillions of meme coins to its wallet.
A little over six hours ago, a record amount among anonymous ETH wallets Shiba Inu (SHIB) transferred. The total amount made was observed as 1,000,000,000,000 meme tokens with a value of $10,970,000 in fiat currency.
The buyer now has 2 trillion SHIB tokens after this transaction. Meanwhile, SHIB has regained its top spot as the largest holding of whales and the most traded token as a result of the hefty transactions in recent days.
Whale alert 🚨: 1,000,000,000,000 $SHIB transferred.
check details 👇🏻 https://t.co/nmYPPbfmd3— ShibaPlay (@shibaplay_) September 28, 2022
This whale has two trillion SHIB in its wallet
According to data from Etherscan, less than seven hours ago, one trillion SHIB was transferred between two anonymous wallets, meaning that a whale’s fortune was distributed to several addresses or a purchase took place.
The wallet to which a massive amount of meme cryptocurrency has been transferred is a mind-blowingly hefty sum valued at around $22 million, one of the record fees paid for SHIB recently. SHIB token contains.
Since there are still 219,481,417,282 Shiba Inu in the wallet, the wallet where the loaded SHIB stack is sent to the anonymous address is not empty either.
Shiba Inu returns to top as largest holding of whales
Recently, major Ethereum whales have sold the bulk of their SHIB tokens. Currently, however, the Shiba Inu is back to being the largest USD holding and most traded digital token of whales, according to data provided by WhaleStats.
The WhaleStats website shows that the top 100 Ethereum whales are currently storing $132,953,632 in the second largest meme cryptocurrency.
Burn rate increased 103 percent as mysterious SHIB wallets destroyed massive amounts of coins
Actively SHIB burning and shiba inu which is a tracking platform where the amount of SHIB tokens burned by the community can be tracked. shibburn According to the data shared by the website, the burning rate of SHIB tokens in the last 24 hours has increased by about 103 percent compared to the previous day.
This burn rate increased as a large amount of SHIB was sent to dead-inferno wallets and removed from circulation.
SHIB’s burning rate increased by 103 percent
According to data posted on the Shibburn website, in the past 24 hours, various organizations and individuals in the SHIB military have placed 59,638,305 in dead-end wallets, which they will be permanently locked into. SHIB token conveyed.
This burn is Shiba Inu’s general SHIB burn increased its rate by 102.62 percent. Among the most recent burning transactions, the two largest stood out, and in these two transactions by mystery wallets, the addresses together removed 45.7 million Shiba Inu from circulation.
The coin burning is carried out with the aim of making the canine cryptocurrency more scarce and reducing the circulating supply of the Shiba Inu, with the goal of eventually sending its price into space. Despite all this and a year since many people started burning the SHIB, the effect of continuous burning on the price is close to zero.
Amazon burner plans to surpass August burns
Travis Johnson’s Shib token burning platform, known on Twitter as the “Super Shib Store”, plans to exceed the amount of SHIB tokens it managed to burn this month in August. So far in September, the platform has burned about 187 million Shiba Inu, worth 2007 dollars.
About $400 for these burns was earned through commissions from the Amazon affiliate program. This is the only platform to ever use the Amazon affiliate program to burn meme tokens.
BabyDoge beats Shiba Inu burns by 45x
However, it is a meme coin with a smaller market cap. Baby Doge Coin (BABYDOGE), carries out much larger burns than the SHIB army. As reported by KoinFinans on September 27, the BabyDoge team, which is popular with their hefty burns, destroyed 46 times more meme coins than the SHIB army.
The BabyDoge team removed 13,364,615,564,375 BABYDOGEs from circulation worth $15,623, compared to 130 million SHIB valued at $1430 in fiat currency. In June of this year, the BabyDoge community voted to allow the developers to burn 50 quadrillion BabyDoges, and the massive burn for the meme coin’s anniversary took place on July 1.
While BabyDoge’s main platform is BNB Chain (formerly Binance Smart Chain), meme coins were burned on the Ethereum network.
After the 50 quadrillion burns, which went down in history as the largest incineration to date, the BabyDoge community continues to burn remarkable amounts.
So far, 198,810,218,548,028,992 Baby Doge Coins have been burned out of a total supply of 420,000,000,000,000 tokens, which means that 47,336 percent of the popular cryptocurrency has been removed from circulation.
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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.