Shiba Inu Achieves New Milestone as Whales increase Activities By 75%
In the course of jubilation, a tweet was don on the SHIB Twitter account of a new milestone for the meme cryptocurrency community as Shibtoken’s official Instagram marks more than 150000 followers. The team behind the meme cryptocurrency then went on to appraise the SHIB community for its handful of support.
Per intoTheBlock data, Shiba Inu whales have been on their move in the previous 24 hours, with a 75% increase in large transactions, huge transaction spikes are usually associated with increased activity from institutional players or whales, who are either buying or selling.
According to IntoTheBlock, these transactions exceed $100000.
Currently, the third-largest whale on the Ethereum blockchain, marked “Tsunade” purchased 86 billion Shiba Inu tokens in a transaction valued at $2.3 million.
On April 4, it was reported that the Bitcoin of America network of crypto ATMs had added Shiba Inu, following the addition of Ethereum and Dogecoin to the range of coins this chain works with.
Now, users can buy these cryptocurrencies from Bitcoin of America kiosks, along with BTC. Dogecoin was added by the network in February, causing the price of the meme coin to spike.
The SHIB Army continues to minimize the circulating supply of the second most popular meme cryptocurrency, Shiba Inu, by burning tokens. Every 24 hours, a certain amount of SHIB gets burned to step wisely shrink the SHIB supply in the circulation.
The team of the @shibburn token burn initiative has announced that in the past 24 hours, a whopping 179,387,035 SHIB has been burned.
in the late blog post, Shiba Inu-themed fast-food chain Welly has confirmed that it will actively take part in the process of burning SHIB tokens with the help of crypto payment gateway NOWPayments.
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