- The giant ETH whale made a large purchase of Shiba Inu amid the coin burns, after this purchase, the amount of dog cryptocurrency in the hands of the whale increased to 4 trillion.
An unnamed whale has a staggering amount of 200,588,182,473 meme tokens, according to data provided by Etherscan. Shiba Inu (SHIB) pocketed it.
The value of this meme coin exchange in US dollars was $ 4,944,498 at the time of the transaction. Looking closely at Etherscan, the data shows that this purchase is the second largest transaction made by the massive wallet this week.
As stated by KoinFinans, the previous transaction took place five days ago and the whale added an incredible amount of 3.7 trillion SHIB to its cache. At the time of writing, the whale address is home to 3,914,263,607,418 Shiba Inu tokens.
230 million SHIB burned by the community in 2 days
Twitter account of shibburn.com, a monitoring platform where the Shiba Inu community can track the amount of SHIB tokens burned, the Shiba Inu Army; reported that they continue to permanently remove meme tokens from circulation by locking them to addresses where they cannot be withdrawn or otherwise spent.
Recently, the SHIB military seems to have redoubled their efforts to destroy Shiba Inu tokens to reduce the circulating supply of the second largest dog crypto.
More than 230 million Shiba Inu have been burned in the last two days, according to data the aforementioned Twitter account compiled on the etherscan website.
The largest transfer to the “inferno” wallet here contained 168,944,352 meme coins, more than half of the total amount.
Shiba latest status
Amid the whale purchases and coin burns, the Shiba Inu is up about 8 percent from last week. According to CoinMarketCap, the second largest dog cryptocurrency is trading at $0.00002394 at the time of writing.
Despite following the positive trend in the market for the past few days, SHIB is still trading 72 percent below its all-time high of $0.000008845, which it reached on October 28.
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.