Close to one billion Shiba Inu tokens have been destroyed in the past two days by the SHIB Army
Over 700 million SHIB meme pieces have been burned in the last 48 hours, according to the Shibburn crypto tracker Twitter page.
This account accumulates data on meme coin burns from the Etherscan platform, bringing it all in one spot for the Shiba Inu army.
Meanwhile, an Ethereum whale acquired an astonishing amount of SHIB: 241.3 billion tokens.
707 million SHIB destroyed by community
In a recent tweet, the aforementioned SHIB tracker stated that in the past 24 hours, a total of 404,393,504 SHIB tokens have been removed from circulation by getting moved to unspendable crypto addresses, i.e., burned.
Of this amount, a block of 400 million was incinerated in a single transaction. Earlier, @Shibburn also tweeted that the previous day 303.6 million Shiba Inus were sent to “incinerator wallets”.
Therefore, the sum of SHIB burned in the past two days equals roughly 707 million SHIB.
Whale “Gimli” buys 404.3 billion SHIB
According to a recent tweet shared by the WhaleStats platform, the owner of the “Gimli” wallet has grabbed a huge 421 370 420 624 Shiba Inus. This wallet is named after one of the main characters in the iconic fantasy novel “The Lord of the Rings” written by JRR Tolkien, and it is ranked 11th on the ETH Investor Scale by WhaleStats.
The whale acquired this massive amount of SHIB in two transfers, first buying 271,370,420,624.152. Another purchase of SHIB—150,000,000,000 tokens—followed a short while after that.
The total amount of meme coins purchased by this investor comprises $11,313,795.
By now, however, the investor seems to have sold all of his SHIB stash, according to the page of his wallet on WhaleStats. At press time, this wallet contains $3,720,011,780 worth of ETH-based tokens, with Meta standing as the token with the largest USD value.
