Top Whale moved $38.22 million worth of Shiba Inu to the two separate wallets in the past hour.
Etherscan.io, the leading blockchain explorer, recently revealed that the top Whale has relocated a staggering 4,662,530,677,373 (4.66 trillion) SHIB, worth $38,220,745 ($38.22 million) to two different wallets via two separate transactions in the past hour.
Breakdown of Transactions
Per Etherscan.io data, the enigmatic Whale transferred 20,000,000,000 (20 billion) SHIB, worth $163,600, to the unidentified wallet in the first transaction. The massive transfer occurred precisely at 08:07:11 AM +UTC on August 31.
Simultaneously, the top Whale executed the second transaction and moved an additional 4,642,530,677,374 (4.64 trillion) SHIB, worth $38,057,145 ($38.05 million), to the newly created wallet.
Following the massive transfer, the wallet is now left with ZERO SHIB.
The Whales’ activity hasn’t had any immediate impact on the price of Shiba Inu. As of press time, Shiba Inu is trading at $0.000008181, down -0.90 percent over the last day, with a 24-hour trading volume of $101,888,681 ($101.88 million).
In another exciting development, the Shiba Inu Community removed 86,244,950 (86.24 million) SHIB from circulation forever through seventeen separate transactions in the past 24 hours. This intense burning activity has caused the overall Shiba Inu burn rate to surge by 77.54% over the last day.
In the past 24 hours, there have been a total of 86,244,950 $SHIB tokens burned and 17 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. pic.twitter.com/O01C2WYhJc
— Shibburn (@shibburn) August 31, 2023
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.
