Upper ETH Whale Amasses 187 Billion Shiba Inu While Community Burns 134 Million SHIB
Top ETH Whale accumulates 187 Billion Shiba Inu (SHIB), whereas, Shiba Inu Community sent 134.82 Million SHIB to dead wallets with the help of the SHIB Burn Portal.
Based on the data from WhaleStats, a crypto intelligence platform that monitors the acts of the largest Ethereum whales, “BlueWhale0159” has added an impressive amount of Shiba Inu to her portfolio.
Taking advantage of discounted prices, the Ethereum whale identified as “BlueWhale0159,” has scooped up a whopping total of 187 billion SHIB tokens, worth $1,985,940 ($1.98M) in one significant transaction, WhaleStats reports
the huge accumulation makes Shiba inu her third-biggest holding level by dollar value followed by two stablecoins USD Coin (USDC) and Tether (USDT).
134.82 Million SHIB Burnt in Past 24 Hours:
On the other hand, Shibburn.com reports that the community has permanently moved out a total of 134,826,175 (134.82M) Shiba Inu tokens from circulation through 14 separate transactions. ETH SHIBA token burns an astounding amount of dog-themed cryptocurrency in the last 24 hours.
Upper SHIB Burner of the Day:
ETH SHIBA, a token dedicated to SHIB Burn becomes the “Top SHIB Burner of the Day” as it has sent 90 million Shiba Inu tokens to the “inferno” wallet through one major transaction. The SHIB Burn project has shared a transaction link as a “Proof of Burn” with the Shiba Inu Community via tweet.
This is identified as the project’s second massive SHIB Burn transaction in the last 7 days. Formerly on June 5th, ETH SHIBA destroyed 150 million Shiba Inu, worth $1,632 through one transaction.
Read Also: LUNC Price Spiked Strongly As the Community Passes ‘Tax/Burn 1.2% Proposal
In this view, ETH SHIBA has successfully moved a total of 240 million Shiba Inu tokens, through two separate transactions in the last 7 days.
ETH SHIBA token is not an official token of the Shiba Inu Ecosystem. It came into existence at the end of March 2022. In three months period, the token has claimed to burn over 2.44 billion Shiba Inu tokens.
Travis Johnson led the Burn of Over 229.16 million Shiba Inu (SHIB)
As reported by Cryptolifedigital on the 8th of June that over 29.16 million Shiba Inu (SHIB) have been pushed out of circulation by the community of Shiba Inu token lovers. Game Developer Travis Johnson led the Burn Show from the front in the past 24 hours. $176 Worth of SHIB Burned via Amazon. As stated in a recent tweet posted by Shibburn.com, over the past 24 hours, the Shiba inu community has sent 229.16 million SHIB to unspendable wallets.
The effect of all these on the SHIB price is that the late huge ETH Whale accumulation and an astounding community burn failed to put a significant impact on the dog-themed cryptocurrency’s price. At the time of writing, Shiba Inu’s price is trading at the price of $0.00001069, showing almost no change over the last day, with a 24-hour trading volume of $388,085,029 ($388.08M).
Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you’re a seasoned investor or just starting out, Cryptolifedigital’s analysis offers valuable insights into the world of cryptocurrency.
