Buying 20 Trillion Whales in Meme Coin, Burning Rate Increased by 155%!

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  • On the popular meme coin dead (inferno) With the amount of tokens sent to the wallet reaching 208 million SHIB, the burning rate in Shiba Inu increased by 155 percent. As this intense burning takes place, a huge XRP whale Organized his portfolio by adding trillions of meme coins to his wallet.

Popular meme cryptocurrency known for its high volumes and constant burning amount Shiba Inu (SHIB) The burn rate has increased significantly in the last 24 hours. Actively engaged in SHIB burning and burned by the Shiba Inu community SHIB coin According to an early statement by shibburn’s Twitter account, a tracking platform where the amount of money can be tracked, 112,647,175 SHIB coins were reported destroyed by the community in more than 15 transactions. This number continues to rise with each passing hour.

When the Shibburn website is examined more closely, it is seen that 208 million SHIBIt is seen that .

shib burn

shib nose According to the Twitter account, an impressive transaction took place in the last hour, with a staggering 86,405,616 SHIBs sent to dead wallets in a single transaction.

Number of large transactions increased by 153 percent on Shiba Inu

According to statistics from IntoTheBlock, Shiba Inu whales, or large whales, have joined the growing hype around SHIB for the past few days, with a 153 percent increase in large transactions over the past day. Monitored by IntoTheBlock and “big” transactions so-called transactions mean on-chain transactions of over $100,000 and are associated with increased activity by whales

shib coin

This indicator shows the volume of such “large” transactions that take place every day. This metric is also an indicator of corporate activity or the trading of whales. Therefore, the 153 percent increase in Shiba Inu transactions over the last 24 hours may indicate a massive amount of whale trading, according to the website.

Analysis of the top 100 Shiba Inu holders by WhaleStats averaged as a result of crypto whales dealing with billions of Shiba Inu and an increase in large transactions shiba inu revealed an increase of 6.8 percent in its balance. The average SHIB coin value also increased by up to 9.4 percent in the past day.

XRP-focused whale adds 20 trillion SHIB to its portfolio, outpacing other giant wallets

A large XRP whale has made a big change in its portfolio. over $40 million on Ripple (XRP) The whale, which changed its positions, reduced XRP to 5 percent of its portfolio, while rearranging the Shiba Inu to make up 21 percent of its entire portfolio.

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With the launch of the Shibarium Layer-2 solution approaching, whales’ interest in the Shiba Inu continues to grow. According to data shared by Whalestats, a Mega crypto whale recently added 20 trillion SHIB to its cache in a massive transaction.

Etherscan.io data shows that Mega Crypto Whale has amassed 20,000,000,000,024,240 (20T) SHIB coins worth $210,105,912 ($210.10 million) in a record-breaking transaction in the past 24 hours. The whale has a total of 48.7 trillion SHIB coins after this purchase.

Anticipation on Shibarium drives interest in SHIB

Shiba Inu via a recently published official medium blog post by Unification XFUND, a blockchain service provider directly involved in the development of the Shibarium Layer-2 solution; The FUND TestNet upgrade, which includes the highly anticipated IBC/Gravity/wFUND updates, as well as the Shibarium Public Beta TestNet has been gaining a lot of attention recently, with confirmation that they are planning to launch the TestNet in the third quarter of the year.

First on May 31, 2022, Shibarium Layer-2 The whale, which became active when reports of its solution’s impending release began to circulate on social media channels, had bought 25,732,607,947,509 (25.73T) SHIBs for a record amount of $303,989,233 ($303.98 million) in a large transaction at the time. .

Etherscan.io data also includes all these whale tokens associated with Binance. “Binance 8” states that he bought it from one of the labeled wallets.

Biggest Shib holder

As Etherscan.io reported, the Mega crypto wallet has now surpassed the whale wallet “Light” in terms of SHIB assets, becoming the largest SHIB holder among ETH investors.

The Mega Crypto Wallet currently holds 48,732,607,971,750 (48.7 trillion) SHIB worth 516,565,644 ($516.56 million), while “Light” currently holds 32,971,011,996,001 ($349.49 million) worth 349,492,727 ($349.49 million). 32.97 trillion) SHIB coin it has.

Both whale wallets now hold 8.1704 percent of the Shiba Inu’s total circulating supply. According to data provided by CoinMarketCap, the current circulating supply of Shiba Inu currently stands at 549,063 trillion.

On the other hand, deep-pocketed Ethereum investors are also showing interest in the Shiba Inu. According to WhaleStats, SHIB has become the most purchased token among the top 1000 ETH whales in the last 24 hours.

In addition, Shiba Inu lead developer Shytoshi Kusama recently announced that he will share a Medium blog post with the Shiba Inu community, getting Shib investors excited.

Effect on price

The price of the Shiba Inu has soared more than 9 percent in the past day, with the massive backlog in SHIB whales and Ethereum whales starting to take an interest in the most popular dog-themed cryptocurrency. But the meme cryptocurrency, which has succumbed to the market trend, is trading at a price of $0.000010 at the time of writing, with a 24-hour trading volume of $382,464,896 ($382.46 million).

You can check the price movements 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.


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