Whales Hunt for Meme Coins: Trillion Purchases, Trillion Burns!

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  • Two popular meme cryptocurrencies are among the 10 most used smart contracts among whales investing in BSC-based tokens, while another meme coin has received over 1 trillion.

According to a recent tweet by crypto-focused data platform WhaleStats Baby Doge Coin (BABYDOGE) and Dogecoin (DOGE)BNB Chain, formerly known as Binance Smart Chain (BSC), has become one of the most used smart contracts among whales.

Whales show interest in BabyDoge and DOGE

The team of popular whale watching platform WhaleStats shared that in the past 24 hours, BabyDoge, Dogecoin and eight other tokens on BNB Chain have become the most used smart contracts among the top 100 BSC whales.

BabyDoge While it managed to maintain its 8th place in the top ten list, dogecoin lost its place in the top ten and dropped to 16th place.

76.4 trillion BabyDoges burned

Actively BABYDOGE burning BabyDoge burning, a monitoring platform where the amount of tokens burned by the BabyDoge community can be tracked. follow-up account @babydogeburngave information about a record amount of BabyDoge coins sent to non-spendable addresses, that is, burned, last week.

The platform’s data shows that 76,450,681,309,964 BabyDoges worth about $107,030 were permanently locked in dead wallets last week.

According to the same source, in the last 24 hours, another large package has been burned in addition to these meme coins. In this burn, which took place in a much smaller amount than the ones mentioned above, 5,897,320,699.561 tokens worth $ 8280 were removed from circulation.

Number of holders in Baby Doge Coin reaches new ATH

However, these regular major burns did not have a significant impact on the price of the BSC-based meme token. According to CoinMarketCap, the order in which the article was written BabyDoge price It’s trading at $0.00000001413, up less than 1%.

Despite this, investors still show a long-term interest in the meme coin as the number of BabyDoge holders has risen to an all-time high of 1,585,096.

SHIB whales buy heavily in meme coin following exciting news

Shiba Inu (SHIB) recently announced some of its upcoming projects and updates to strengthen its ecosystem. In response to these news, Ethereum (ETH) whales started accumulating SHIB tokens heavily.

According to Whalestats, an ETH whale wallet called “Gimli” known as the Shiba Inu whale has gone on a massive buying spree. All savings of the whale, which has added 1 trillion Shiba Inu tokens to its wallet in multiple transactions in the last 24 hours, are worth approximately $ 11.34 million.

According to the data, the largest transaction recorded by “Gimli” was worth 250 billion SHIB tokens. This purchase cost the whale about $2.86 million.

This move Shiba Inu tokenentered the list of the top 10 tokens used among the 2000 largest Ethereum whales by transaction volume in the last 24 hours. However, this accumulation had little effect on the price of the SHIB token.

SHIB price, which has seen an increase of 14% in the last 7 days, is trading with an increase of more than 2 percent in the last 24 hours. At the time of writing, the world’s second-largest meme cryptocurrency, trading at a price of $0.000011, is still trading 87 percent below its all-time high of $0.00008845.

Gime diversifies its crypto portfolio with different cryptos

These hefty purchases show that ETH whales are taking advantage of the price drop opportunity that has been in the market for some time, as the global crypto market tries to recover from the recent crash. However, the SHIB token has long held its place as the favorite coin of the biggest Ethereum Wallets. The top 100 whales currently hold around $567.8 million worth of Shiba Inu tokens.

Upon closer inspection of the address, it turns out that the Gimli wallet currently holds approximately $4.31 million worth of SHIB tokens. This indicates that the whale has sold some of the tokens it bought in the last few hours.

Besides the Shib, in the whale wallet Chainlink (LINK), Enjin Coin (ENJ), Decentraland (MANA) and Phantom (FTM) It also invests in popular tokens such as

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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