Top ETH Whale Purchases 187 Billion Shiba Inu As Community Burns 134 Million SHIB

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Shiba Inu

“BlueWhale0159” has added an impressive amount of Shiba Inu to her portfolio, according to data from WhaleStats, a crypto intelligence platform that tracks the activity of the largest Ethereum whales.

Taking advantage of lower prices, the Ethereum whale known as “BlueWhale0159” purchased a whopping 187 billion SHIB tokens worth $1,985,940 ($1.98M) in a single significant transaction. According to WhaleStats,

Read also: Shiba Inu Team Plans to Boost Yield Farming Features on ShibaSwap

Shiba Inu is now the third-largest holding in terms of dollar value, trailing only two stablecoins, USD Coin (USDC) and Tether (USDT).

134.82 million SHIB burnt in the last 24 hours 

Shibburn.com, on the other hand, reports that the community has permanently removed a total of 134,826,175 (134.82M) Shiba Inu tokens from circulation via 14 separate transactions. In the last 24 hours, the ETH SHIBA token has burned a staggering amount of dog-themed cryptocurrency.

Today’s Top SHIB Burner

ETH SHIBA, a token dedicated to SHIB Burn, is named “Top SHIB Burner of the Day” after sending 90 million Shiba Inu tokens to the “inferno” wallet in a single significant transaction using the SHIB Burn Portal.

The SHIB Burn project tweeted a transaction link to the Shiba Inu Community as “Proof of Burn.”

This is the project’s second large SHIB Burn transaction in the last seven days. Previously, on June 5th, ETH SHIBA destroyed 150 million Shiba Inu, valued at $1,632, in a single transaction.

Through two separate transactions in the last seven days, ETH SHIBA has successfully moved a total of 240 million Shiba Inu tokens.

The Shiba Inu Ecosystem’s ETH SHIBA token is not an official token. However, it was established at the end of March 2022. The token claims to have burned over 2.44 billion Shiba Inu tokens in three months.

Related article: 229 Million Shiba Inu Burnt in 24 Hours Along With First-Ever Shib Burn via Amazon Commissions

Effect on SHIB price

The recent massive ETH Whale accumulation and an astounding community burn had no significant impact on the price of the dog-themed cryptocurrency. Shiba Inu’s price is trading at $0.00001069 at the time of writing, showing almost no change over the last day, with a 24-hour trading volume of $388,085,029 ($388.08M).

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