Shiba Inu has given birth to a new Whale. The Whale accumulated a herculean 3.36 Trillion SHIB in her first transaction.
Whale Alert reports that 3.3 trillion shib moved from one wallet to another.
— Whale Alert (@whale_alert) October 24, 2022
Upon examining Etherscan.io, the leading block explorer and analytics platform for Ethereum shows that a brand new whale added a gargantuan 3,363,854,488,205 (3.36T) SHIB, worth $33,672,183 ($33.67M) to her wallet in her first ever transaction executed about 2 hours ago.
The significant SHIB accumulation comes after the Shiba Inu burn rate surges 1493% over the past day. The community-led SHIB Burn project dubbed “SHIB Super Store” was responsible for the surge in SHIB burn rate as it has destroyed a staggering 37,843,644 (37.84M) SHIB in one significant transaction using the official SHIB Burn Portal.
On the other hand, Shiba Inu’s mainstream adoption is on the rise. Recently, two innovative consumer real estate brands Pacaso and Condos.com partnered with Bitpay to enable Shiba Inu payments for buying real estate investments.
The massive SHIB accumulation doesn’t have put an immediate impact on Shiba Inu’s price. At press time, Shiba Inu is trading at the price of $0.000009975, up 0.38% over the last day with a 24-hour trading volume of $124,413,695 ($124.41M).