Shiba Inu Whales Have Third Largest Rank, Another 50 Billion SHIB Scooped By Top ETH Whales
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- whales keep gathering
- Shiba Inu’s burn rate increased by 646%
According to an analysis of the top ETH whales by WhaleStats, the Shiba Inu is currently the second most popular coin, the second largest investment by these top holders after Ethereum. According to IntoTheBlock data, Shiba Inu whales have become more active in the last 24 hours as the number of large transactions increased by 11%.
An ETH whale just bought 50,736,574,302 $shibo ($1,106,564 USD).
Transaction hash: 0x54096e082f49030c1429badd924f744c604656b8d888ff155c7194eb40212b38#shib #sibsena
– WhaleStats – BabyWhale ($BBW) (@WhaleStats) 15 March 2022
The WhaleStats crypto tracker has reported that an ETH whale has bought 50,736,574,302 SHIB, or $1,106,564 worth. This comes after huge purchases worth 49.65 billion Shiba Inu or $1,094,317. The Shiba Inu is posting a rally along with the rest of the cryptocurrency market, trading up 2.16% at $0.219.
whales keep gathering
Simply put, a whale is the one who owns a lot of cryptocurrencies or is otherwise a large holder.
The top 100 Shiba Inu holders also grew their portfolios, as WhaleStats reported a 292.18% increase in the average SHIB balance for this category of investor. The average SHIB value of his portfolio has also increased by 287.43%. Both volume and active addresses have increased by 248.27% and 15.38% over the past 24 hours, which shows a healthy metric.
On WhaleStats’ list of the top 100 Shiba Inu holders there is a wallet named “Lite”. The owner of this crypto address has 35,121,281,443,997 Shiba Inu tokens or $770,209,702 worth.
Shiba Inu’s burn rate increased by 646%
Shibburn.com, a platform that tracks statistics for burned Shiba Inu tokens, reports that a total of 51,983,850 $SHIB tokens have been burned and nine transactions occurred in the past 24 hours.
A total of 51,983,850 in the last 24 hours. have been $SHIB Token burn and 9 transactions. Visit https://t.co/t0eRMnyZel to see the total #shib Token burn, circulating supply, and more. #shibarmi
— shibburn (@shibburn) 16 March 2022
As seen on the Shibburn website, the resulting transaction burns the total amount of SHIB to 54,877,540 SHIB, increasing the burn rate by 646%. “Burning” permanently removes many tokens from circulation and is believed to affect the price in the long term.
Real-world businesses are keen to adopt the Shiba Inu as an accepted payment option. AMC Theaters recently announced on its website to accept Shiba Inu online payments.