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Top Whale Buys Billions Of Shiba Inu (SHIB) Tokens, Burn Rate Jumps Over 700%

An ETH whale named "BlueWhale0073" has purchased 99.29 billion SHIB tokens worth $1.05 million, according to WhaleStats. The whale holds 65.83 billion SHIB tokens, the second-largest holding after ETH, and also purchased 985,593 MATIC tokens worth $1.08 million. The SHIB burn rate has increased by 719% in the last 24 hours, with the community burning 8.2 million SHIB tokens in six transactions, and 868 million SHIB tokens burned in the last 7 days. Shiba Inu price is trading sideways at $0.00001056, with trading volume decreasing by 21%. BONE price is trading at $1.05, down 3% in the last 24 hours.

(By Varinder Singh)

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