An amount close to one billion Shiba Inu has been sent to unspendable wallets over the last two days
In the past 48 hours, SHIB’s vast army has removed nearly a billion meme tokens from the total amount of Shiba Inu 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 purchased a massive new serving 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.
In the first 24 hours they removed 607,530,847 SHIBs and then 341,113,385 Shiba Inu were sent to unusable wallets and locked there permanently.
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.
Whale acquires 110 billion SHIB
While some are trying their best to pull more and more SHIB tokens out of circulation, in hopes of eventually seeing the price skyrocket, whales continue to buy SHIB on the downside and resell it later after even a slight increase.
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.
The whale has already sold the majority of the SHIBs he purchased as the meme token is included in the smallest fraction of his wallet – 0.42% worth $37,794 – along with other tokens: HEX, DAI, etc.
