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HomeCrypto NewsMarketA New Whale Just Bought 49.6 Billion Shiba Inu Worth Over $1M

A New Whale Just Bought 49.6 Billion Shiba Inu Worth Over $1M


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Whales love and love again to buy Shiba Inu.

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The mysterious Ethereum (ETH) whale has just accumulated over 49.6 Billion shib coins, worth over 1 million USD at a discounted price.

According to a recent tweet published by WhaleStats, the mysterious ETH whale has purchased 49,651,432,412 SHIB tokens, valued at $1,094,317.

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SHIB also became the 4th most purchased token by 2000 biggest ETH whales and the 5th most purchased token by top 100 ETH whale wallets in the past 24 hours. On average,each top 100 ETH wallets have accumulated 207,128,644 SHIB (207M) for $4,661.

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Along with massive accumulation, SHIB tokens are also being burned by the community rapidly. As per the latest data provided by Shibburn, 10,774,126 (10.7M) SHIB have been taken out of circulation forever, with eight transactions in the last 24 hours.

The above data specifies that the demand for SHIB seems to increase, and the supply in circulation decreases day after day, sending a Super Bullish signal in the long term for holders.

At the time of writing, Shiba Inu’s price is trading at $0.00002182, down -2.62% for the day, with a 24-hours trading volume of $754,889,134. The trading volume for the token seems to increase a whopping 84.70% from the previous day.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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