Shiba Inu enters top 10 lists tokens after whales purchases
Monday, January 30, 2023
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Shiba Inu enters top 10 lists of tokens after whales purchases whopping 163 billion

Shiba Inu, the second-largest meme currency, (SHIB token) has had many updates in the last 24 hours as it has joined the top 10 lists of tokens with the greatest trading volume, a whale has purchased almost 163 billion tokens and, in another development, around 60.53 million SHIB token has been burned.

Shiba Inu is in top 10 trading volume

According to data from the WhaleStats crypto tracker, Shiba Inu has joined the top 10 list of tokens with the greatest trading volume in the last 24 hours. At the time of writing the news, SHIB was ranking 5th under trading volume on the Ethereum blockchain with an average amount of US $51,550 and an average quantity of 5,000,000,000 tokens. Under the top 10 sold tokens SHIB is featuring at rank 4th with USDT, USDC and ETH are on top 3 positions respectively.

Whale activity in SHIB

As per data large whale BlueWhale0073 with wallet address 0x66e092fd00c4e4eb5bd20f5392c1902d738ae7bc on the Ethereum blockchain has purchased 163.2 billion of these canine tokens. The whale address has been actively purchasing Shiba Inu in recent months. His purchase included 163,286,048,050 SHIB worth $1,575,710. The whale address is active in continuously selling the SHIB tokens also. At the time of writing, the whale address consists of around US $ 5,465,357 worth of a portfolio of which USDC accounts for 55.77%.

60.53 million SHIB burn

According to the Shibburn cryptocurrency tracker and burn platform’s website, a total of 60,537,792 SHIB tokens have been transferred to a dead wallet, i.e. destroyed or burned, in the last 24 hours.

Six transactions were required to remove this quantity of SHIB from circulation. Recently, the burn rate of the meme currency has decreased significantly; it has decreased by 34.98% compared to roughly a billion the day before. According to Shibburn, a total of 410,370,130,197,615 SHIB have been taken from the circulating supply, with 557,841,134,992,727 coins still in circulation.

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