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HomeCrypto NewsMarketTop ETH Whale Accumulates 187 Billion Shiba Inu While Community Burns 134 Million SHIB

Top ETH Whale Accumulates 187 Billion Shiba Inu While Community Burns 134 Million SHIB


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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.

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Based on data from WhaleStats, a crypto intelligence platform that tracks the activity 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

This massive accumulation makes Shiba Inu her third-biggest holding position by dollar value followed by two stablecoins USD Coin (USDC) and Tether (USDT).

134.82 Million SHIB Burnt in Past 24 Hours:

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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.

Top 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 significant transaction using SHIB Burn Portal.

The SHIB Burn project has shared a transaction link as a “Proof of Burn” with the Shiba Inu Community via tweet.

This is recognized 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.

In this way, 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.

Impact on SHIB Price:

The recent massive 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).

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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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