Last updated on May 18th, 2024 at 11:58 am
Shiba Inu Whale Accumulates SHIB – In an exciting development, a known whale amassed a massive amount of SHIB tokens. The report shows that she accumulated up to 140,006,070,249 (140B) SHIB.
Etherscan, a blockchain report and analytics platform revealed that the whale who is the 19th biggest SHIB holder accumulated a whooping amount of SHIB which is worth $1,185,850 ($1.18 million). This was carried out in two separate transactions in the past 24 hours.
According to the report, the first transaction which moved 751,113,846 (751.11 million) SHIB was carried out about 20 hours ago from the time of writing. The second transaction took place a few hours later and moved 139,254,956,403 (139.25 billion) SHIB which is worth about $1,179,489 ($1.17 million).
Source: The Crypto Basic
Moreover, this is the second huge accumulation of the whale in the past 3 days. As previously reported, the whale bought a huge 21,271,415,827 (121.27 billion) SHIB tokens, which are worth $1,073,251 ($1.07 million). This was carried out through 3 separate transactions on Tuesday, May 23.
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The Whale has accumulated 261,277,486,076 (261.2 billion) SHIB in total over the previous three days. Her entire SHIB assets are now 5,611,704,146,999 (5.6 trillion) SHIB, totaling $47,531,134 ($47.53M) in value.
Shiba Inu burn continues
Consequently, the Shiba Inu community continues to show commitment toward the reduction of the total supply of SHIB tokens. They continue to burn millions of SHIB tokens daily to achieve this goal.
In the past 24 hours, the community has succeeded in removing over 40,877,932 (40.87 million) SHIB tokens from circulation by sending them to a dead wallet. These were carried out through 12 separate transactions.
Regardless of the humongous amount of SHIB tokens burned, and the massive amount of Shiba Inu accumulated by whales, the price of the coin still appears to remain unimpacted.
Shiba Inu (SHIB) price today
According to live data from CoinGecko, the price of SHIB today is $0.00000849. Consequently, the price is down by 0.22% in the last 24 hours. What’s more, Shiba Inu is ranked #16 on the CoinGecko chart with a live market cap of $5,002,339,566.
Source: CoinGecko
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.