Meme Coin’s Whale Increased Its Burn Rate By 132% To 8 Trillion!

More than a quarter billion SHIB, shiba inu While being removed from circulation by the community, a mysterious SHIB whale has ingested a total of 391,224,027,949 (391.22 billion) SHIBs worth $5,989,638 ($5.98 million) in three separate transactions in the past 24 hours.

A tracking platform that actively burns SHIB and can track the amount of SHIB tokens burned by the Shiba Inu community. @shibburn announced a big burn that took place today. In total, over a quarter billion Shiba Inu have been destroyed in the last 24+ hours, according to a recent post by the platform sharing data it collects from etherscan.

324.7 million SHIB removed from circulation

According to the tweet by @Shibburn, a total of 324,735,210 Shiba Inu were removed from the circulating supply and locked in inferno (dead wallets) wallets, thus “burned” tokens are permanently removed from circulation and this is expected to drive the price up in the near future.

According to the SHIB burn page on the website, this quarter-billion-dollar SHIB burn was in 12 transactions. The largest of these transactions was made by Shibburn himself, sending 123,456,789 dog tokens to a dead wallet.

Revised data on the Shibburn website show that the amount of tokens permanently removed from the circulating supply in the last 24 hours was 357,650,730, representing a 132 percent increase over the previous day’s burn rate.

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Mysterious whale raises assets to 8.4 trillion

According to a whale watching platform, a mysterious SHIB whale has been valued at $391.22 billion in the last 24 hours, worth $5.98 million. Shiba Inu (SHIB) accumulated.

While the global crypto market has been going through an extreme panic selling phase since Monday, the mysterious SHIB whale continued to fill its bag with massive amounts of Shiba Inu (SHIB).

The massive SHIB whale has ingested a total of 391,224,027,949 (391.22 billion) SHIBs worth $5,989,638 ($5.98 million) in three separate transactions in the past 24 hours, Etherscan.io reported.

This latest accumulation of the whale in the popular dog-themed cryptocurrency has brought the massive wallet’s Shiba Inu holdings to a total of 8,494,848,914,609 (8.49 billion) SHIB worth $130,735,724 ($130.73 million).

Popular whale joins savings with 191.8 billion Shiba Inu

The WhaleStats crypto data platform has discovered another major SHIB transaction bought by a large Ethereum whale.

In the last 24 hours, the owner of the popular “BlueWhale0073” wallet has purchased a total of 191,883,317,886 Shiba worth $3,098,915. On May 10, the same whale, ranked 210th by WhaleStats, purchased another large piece of Shiba, 311,816,880,855, nearly double what it did today from SHIB.

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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