A newly created wallet quickly made the headlines when it bought millions of dollars in altcoins in a single transaction.
Mysterious altcoin whale spends millions in a single transaction
New Shiba Inu whale bought $42.76 million worth of SHIB in a single transaction. However, community-led token burning projects destroyed 102.11 million SHIB through various transactions in the last 24 hours. One of these startups burned 41.45 million SHIB in a single transaction.
Shiba Inu is showing interesting statistics in on-chain metrics today. One was when a mysterious whale bought $42.76 million worth of SHIB in a single transaction. Etherscan.io data reports that the mysterious wallet, born about a day ago, has accumulated a total of 3.37 trillion SHIB worth $42.76 million in a significant transaction over the past 24 hours.
There are few details about the owner of the above wallet. It is unclear whether an exchange, institution or individual has accumulated such a large SHIB. But one thing is clear: The new giant whale may have some insider information about an upcoming Shib event or the price action that caused it to grab such large Shib tokens.
Token burns of the last 24 hours
The Shiba Inu community has burned 102.11 million SHIB in 35 separate burns in the last 24 hours using the SHIB Burn Portal powered by Ryoshis Vision (RYOSHI), an official partner SHIB Burn reward token of the Shiba Inu ecosystem.
A significant token burn came from 1Cent in the last 24 hours. The project sent a total of 41.45 million SHIB to “dead wallets” in a key transaction.
At the time of writing, the altcoin is trading at $0.00001262 with 24-hour trading volume of $353.93 million, up 2.34% from the last day.
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