An amount close to one billion Shiba Inu has been sent to unspendable wallets over the last two days
In the last 48 hours, the vast SHIB army has removed almost one billion meme tokens from total amount of Shiba Inu that is circulating in the market, according to data shared by @shibburn.
This platform tracks burn transactions and destroys SHIB itself from time to time.
In the meantime, a whale has bought a new massive portion of Shiba Inu.
950 million Shiba burned
According to tweets shared by the aforementioned service, over the past 24 hours, the Shiba community has transferred a total of 948.6 million SHIB to dead-end wallets.
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Within the first 24 hours, they removed 607,530,847 SHIB and then 341,113,385 Shiba Inu was sent to unspendable wallets and locked there permanently.
In the past 24 hours, there have been a total of 607,530,847 $SHIB tokens burned and 12 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) May 13, 2022
When converted to USD, in fiat 950,000,000 SHIB is not as big as it is in crypto, though – $11,058 at the current exchange rate.
In the past 24 hours, there have been a total of 341,113,385 $SHIB tokens burned and 25 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) May 14, 2022
Whale acquires 110 billion SHIB
While some are doing their best to remove more and more SHIB tokens from circulation, hoping to eventually see the price skyrocket, whales continue to buy SHIB on the dip and sell it later on after even a slightest rise.
According to WhaleStats, a large Ethereum investor, whose wallet is titled “BlueWhale0073”, has purchased an equivalent of $1,408,176 in SHIB – 109,842,128,610 meme coins.
🐳 ETH whale “BlueWhale0073” just bought 109,842,128,610 $shib ($1,408,176 USD).
Ranked #284 on WhaleStats: https://t.co/RBupemZyZX
Transaction: https://t.co/YeAnbhGXvx#SHIB #ShibArmy
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) May 13, 2022
The whale has already sold the majority of SHIB he had bought as the meme token is included in the smallest fraction of his portfolio – 0.42 percent worth $37,794 – along with other tokens: HEX, DAI, etc.