Leading analysts of the cryptocurrency market have observed in their recent analysis that big cryptocurrency whales are taking action for these altcoins! According to experts, these altcoins are coming to the fore with the big whale activity they have experienced recently! Here are the details…
Leading Shiba Inu whale has bought over 150 billion SHIB coins!
Recent data on cryptocurrency whales reveals that a top Shiba Inu whale is on a buying spree. According to Etherscan data, the 19th largest Shiba Inu whale has purchased 150,553,500,877 SHIB for over $1.55 million. The data shows that the whale has accumulated the tokens in three transactions over the past 24 hours. This whale accumulation is taking place in the midst of a massive token burning frenzy by the SHIB community.
The Shiba Inu whale started buying a few hours ago with a smaller amount of 16,099,042,840 billion SHIB tokens. In the second transaction, which took place minutes after the first transaction, 108,040,560,167 SHIBs were purchased for over $1,112 million. Whale continued with another purchase of 26,413,897,870 SHIB worth $272,063. This third process took place approximately 9 hours later.
On the other hand, according to Etherscan data, the same 19th largest SHIB holder collected more than 168.37 billion Shiba Inu tokens on April 25. Whale initiated the acquisition with two transactions worth approximately $1.72 million, one for SHIB 9.81 billion and the other for 158.55 billion. The Shiba Inu Whale currently holds 5,178,454,552,701 SHIB tokens worth approximately $53.33 million.
SHIB burning continues at full speed!
However, the SHIB community has burned more than 2 million SHIBs in the last 24 hours. SHIB burn rates experienced an increase of about 2,000 percent. The community was not satisfied with this and continued to burn more. Three hours ago, 1,467,306 million SHIBs were burned at Burn Address1 (BA-1).
Specifically, the recent increase in incineration activity took place to compensate for the reduction in incineration that occurred the previous day. As of April 27, only 47,664 Shiba Inu coins were sent to the burn wallet, resulting in a 96 percent decrease in burn rate compared to April 26 levels. The reason behind the decline is explained as the SHIB community’s momentary distraction from the burning attempt as it focuses on other upcoming projects. However, the recent increase in burn rate indicates that the community is striving for ascension. So far the community has burned 410.63 trillion SHIB. Hence, the total supply of meme coin is 589.366 trillion tokens, while its circulating supply currently stands at 574.087 trillion.
However, the Shiba Inu price is down 0.59 percent in the past 24 hours and is momentarily trading at $0.0000102.
BLUR whales took action after Binance listing!
Giant cryptocurrency exchange Binance has announced that it has started offering up to 20x leveraged trading with a new announcement for its leveraged BLUR futures. With that, big cryptocurrency whales flocked to BLUR.
With the announcement made by Binance, a whale bought 1.39 million BLUR coins. However, attacks came from other whales and one whale bought 1.77 million BLUR. According to the information conveyed by the data, 3 different whales bought 2 million BLUR. This reveals that the interest in BLUR has increased.
cryptocoin.com As we have reported, BLUR is currently trading at $0.726, with a 4% increase in the last 24 hours. According to experts, with this increase in whale activity, these altcoins may rise. That’s why experts recommend that investors keep these altcoins under their radar.
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