Data from major blockchain tracker shows that in the past hour, over 20 billion SHIB tokens have been purchased by owners of large wallets
According to data provided by etherscan, over the past hour, cryptocurrency whales have purchased and transferred almost 21 billion Shiba Inu meme tokens to their wallets.
Whales buying SHIB en masse
There were eight major transfers of SHIB when the whales moved coins from one wallet to another (possibly OTC transactions) and crypto exchanges to their digital addresses.
The largest transfer carried 6,348,990,689 SHIB. Second largest came later on, equal to 3,530,860,280 meme coins and 2,799,990,000 SHIB followed it. The rest of the transactions carries from 1.5 billion to 1.8 billion Shiba Inu.
Four days ago, on December 21, U. Today reported that an Ethereum whale had added SHIB 4 trillion to its holdings. It happened just as the second largest cryptocurrency was posting an eight percent increase. On the same day, the 13th largest whale “Tsunade” purchased 34 billion SHIB tokens.
On December 24, an Ethereum whale also purchased 53,684,945,423 SHIB, according to the data shared by WhaleStats on Twitter.
211 million SHIBs to be destroyed tomorrow
On December 26, a SHIB burn party is planned by crypto label Bigger Entertainment which sells derivatives, NFTs and tickets to crypto events. By buying stuff or just listening to music tracks on their website, anyone can donate to the SHIB burns they perform on a regular basis.
The nearest one is to take place on December 26, tomorrow. As of December 24, slightly over 211 million SHIB was planned to be burned but in two days this number may see a slight increase. Initially, the founder of the service, Steven Cooper, planned to send 1 billion to a dead address and encouraged 7,500 SHIB holders to pitch in $5 for SHIB burn so as to burn one billion tokens.
Over 706 million SHIBs burned this week
However, that did not happen, it seems. Still, in one of his previous tweets, Cooper said that over the next sixty days their SHIB burn rate will double.
Since October, this team has already destroyed 868,049,623 SHIB tokens, taking them permanently out of circulation.
Beyond that, on December 23, U.Today reported that in the previous two days, 706 million Shiba Inu had been sent to a zero address, driving up the price of SHIB.
