Whales love and love again to buy Shiba Inu.
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.
? An ETH whale just bought 49,651,432,412 $shib ($1,094,317 USD).
Transaction hash: 0xcfe21e38638a1fa3d6565c5b4a8b32818b1c32b553c6b25d227d4129f85673a7#SHIB #ShibArmy
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) March 14, 2022
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.
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.