Disclaimer: The opinions expressed by our writers are their own and do not represent the views of InkByte. The financial and market information provided on InkByte is intended for informational purposes only. InkByte is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Crypto whales keep betting on the Shiba Inu meme cryptocurrency, buying more of this trending token.
According to data shared by an analytics platform recently, a Shiba Inu whale bought a large SHIB lump—a whopping 48 billion tokens.
Whale adds 47.9 billion SHIB in a single transfer
WhaleStats has tweeted that approximately 10 hours ago, a single transaction that carried an astounding 47,954,038,442 Shiba Inu tokens took place. This is equal to $1,039,870 in fiat.
A whale just added 47,954,038,442 ($1,039,870 USD)
— WhaleStats - the top 1000 Ethereum richlist (@WhaleStats)
Transaction: https://t.co/RSQOF0x1kk pic.twitter.com/TESgPwzP6P
A similar amount of Shiba Inu tokens – 49.9 billion – were purchased on Feb. 1 by the 13th ETH whale going by the name "Jiraiya" in a single transfer as well.
As per data provided by WhaleStats, SHIB remains on the top 10 crypto holdings list. However, it has disappeared from the list of the top 10 purchased coins.
The biggest token by dollar value for the top 1,000 ETH whales, according to WhaleStats, is now FTX Token (FTT).
56.8 million SHIB incinerated
Twitter account @shibburn has reported that over the past 24 hours, another massive portion of SHIB tokens has been moved to a dead wallet and removed from circulation for good; that is 56,680,245 SHIB, and it sent nine transactions to an unspendable address.
This amount of crypto was worth $1,215 at the time that the tweet was published.
In the past 24 hours, there have been a total of 56,680,245 tokens burned and 9 transactions. So far, a total of 410,301,899,689,774 tokens (41.03019%) have been burned from the initial supply of 1 quadrillion.
— Shibburn (@shibburn)
As reported by InkByte previously, the community has destroyed 3.1 billion SHIB since Dec. 1, and 1.3 billion from that bunch was burned in January.
InkByte Editorial Team
Dan Burgin
