Major Shiba Inu Whale Adds $1.55 Million Worth of SHIB in the Past 24 Hours.
Etherscan.io data reveals that the 19th biggest Shiba Inu holder has just accumulated a massive 150,553,500,877 (150.55B) SHIB, worth $1,550,700 ($1.55M) through three separate transactions in the past 24 hours.
Breakdown of Transactions
The buying spree began with a modest purchase of 16,099,042,840 (16.09B) SHIB, worth $165,820, around 13 hours ago from press time. But the investor quickly escalated investment, splurging a whopping $1,112,817 ($1.11M) to purchase 108,040,560,167 (108.04B) in a second transaction just minutes later.
Undeterred, the Whale accumulated more SHIB, adding a further 26,413,897,870 (26.41B) SHIB, worth $272,063, to her portfolio in a third transaction executed around 9 hours ago from press time.
The top SHIB Whale now holds a whopping 5,178,454,552,701 (5.17T) SHIB, worth $53,338,081 ($53.33M).
1 Million SHIB Burned in 24 Hours
At the same time, Shiba Inu Community has collectively set fire to 1,000,000 (1M) SHIB through one transaction in the past 24 hours.
In the past 24 hours, there have been a total of 1,000,000 $SHIB tokens burned and 1 transaction. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more.
— Shibburn (@shibburn) April 28, 2023
This has caused the overall Shiba Inu’s burn rate to exceed 1998.02% compared to the previous day. The reasons behind the surge in burn rate are not as thrilling as one may think. The surge occurred because only 47,664 SHIB were moved out of circulation on April 27.
As of press time, Shiba Inu is trading at $0.00001029, up 0.44% over the last day with a 24-hour trading volume of $98,037,569 ($98.03M).
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