Amazon Takes Charge in Shiba Inu Burns as Whales Scoop up $150M SHIB.

Shiba Inu

As the Shiba Inu burning continues, a prominent community member, SHIB Super Store, reminded the community of how Amazon contributed to the SHIB burning exercise. According to the Super Store’s tweet, Amazon has contributed around $5 to $50 worth of SHIB Burns daily.

The details from the SHIB Super Store reveal that 2,615,765,687 SHIB have been burned by Amazon alone. 

Interestingly, the platform contributed to 2,588,178 SHIB burns on August 2 alone. With the overall burn rate, the contribution plays a good role. But the burn rate itself is not in its best shape.

The burn rate in the last 24 hours has been a mere 14.04%, which contributed to the burning of 61,278,434 SHIB. The burn rate is comparatively lower as compared to its three-digit burn days.

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Figures from the Shibburn website depict that 410,376,134,764,786 Shiba Inu have been burned from its supply.

Related: Over 4.70 Billion Shiba Inu Burnt in July as Transactions Exceed 500

Ethereum Whales Scoop up $150 Million Shiba Inu.

WhaleStats noted that the top 5,000 ETH whale holdings had accumulated over $657,836,948 in Shiba Inu. On Sunday, the whale analytical platform announced that the leading ethereum whales had held $508,672,407 worth of SHIB. In addition, the recent report from WhaleStats reveals a $150 million increase in SHIB holdings by the whales.

In an analysis of the top 100 ETH whale holdings, SHIB ranks second, following the Silverway coin. SLV has gained over 24% in the last 24 hours, even when the top cryptos struggle to gain single digits. SHIB also accounts for 11.48% of the whale holdings.

Read more: Shiba Inu’s Welly Becomes Uber Eats’ Top-Rated Fast-Food Store