Ethereum whales are returning to buy Shiba Inu. Major investors are stocking these metaverse coins alongside billions of SHIBs.
Ethereum whales have made massive purchases in the last 24 hours
The two biggest ETH whales, “Gimli” and “BlueWhale0159”, have bought a large amount of Shiba Inu in the last 24 hours. These two whales have withdrawn 533.99 billion SHIB to their wallets, worth a total of $5.62 million. In particular, Gimli made a total of $4.06 million in acquisitions. Data provided by WhaleStats shows that this whale has stockpiled 386.99 billion SHIB in two separate transactions. In the first transaction, the whale bought 199.99 billion SHIB worth $2.07 million.
🐋 ETH whale "Gimli" just bought 199,999,999,999 $shib ($2,075,999 USD).
Ranked #246 on WhaleStats: https://t.co/3bvrsUeq69
Transaction: https://t.co/wxkX18c60b#SHIB #ShibArmy
— WhaleStats (tracking crypto whales) (@WhaleStats) July 26, 2022
After a few hours, the whale performed the second operation. In this transfer, he bought 187 billion, worth $1.99 million.
🐳 ETH whale "Gimli" just bought 187,000,000,000 $shib ($1,991,550 USD).
Ranked #248 on WhaleStats: https://t.co/3bvrsUeq69
Transaction: https://t.co/950Rn6tTiY#SHIB #ShibArmy
— WhaleStats (tracking crypto whales) (@WhaleStats) July 27, 2022
On the other hand, the Ethereum whale named “BlueWhale0159” made a $1.55 million SHIb transaction. According to WhaleStats data, BlueWhale0159, the 373rd largest Ethereum whale, has bought 147 billion SHIB in a significant transaction. The whale paid a total of $1.55 million for this amount of SHIB.
🐋 ETH whale "BlueWhale0159" just bought 147,000,000,000 $shib ($1,556,730 USD).
Ranked #373 on WhaleStats: https://t.co/b0sIz9f1O1
Transaction: https://t.co/pz5D8NcnqJ#SHIB #ShibArmy
— WhaleStats (tracking crypto whales) (@WhaleStats) July 27, 2022
Following this massive accumulation of the biggest ETH Whales, Shiba Inu has also entered the list of top 10 tokens purchased among the 100 largest ETH whales in the last 24 hours.
JUST IN: $SHIB @Shibtoken now on top 10 purchased tokens among 100 biggest #ETH whales in the last 24hrs 🐳
We've also got #FTX Token, $GALA, $APE, $PAXG & $LRC on the list 👀
Whale leaderboard: https://t.co/N5qqsCAH8j#SHIB #whalestats #babywhale #BBW pic.twitter.com/yYEW6yNmjU
— WhaleStats (tracking crypto whales) (@WhaleStats) July 26, 2022
Whales are also accumulating these metaverse coins
With the massive trades above, Shiba has returned to its status as the dollar’s largest token position. Thus, the 2,000 largest Ethereum whales brought their total SHIB savings to $633.98 million. Meanwhile, the most purchased metaverse coin was Decentraland (MANA).
🐳 The top 2000 #ETH whales are hodling
$633,980,343 $SHIB
$180,760,680 $BEST
$149,367,493 $cETH
$146,533,983 #FTX Token
$124,993,169 $MATIC
$119,268,308 $MANA
$113,622,448 $CHSB
$113,603,374 $LINKWhale leaderboard 👇https://t.co/R19lKnPlsK pic.twitter.com/bllcBkcdtL
— WhaleStats (tracking crypto whales) (@WhaleStats) July 26, 2022
According to the data provided by WhaleStats, the portfolio weight of the 2,000 largest ETH whales is as follows.
- SHIB: 633,980,343
- BEST: 180,760,680
- CETH: 149,367,493
- FTX Token: 146,533,983
- MATIC: 124,993,169
- MANA: 119,268,308
- CHSB: 113,622,448
- LINK: 113,603,374
SHIB burn rate peaked behind this partnership
The launch of a crypto card proposed by the Shiba Inu raises the token burn rate. In the early hours of July 25, SHIB burn portal announced that it is working on a crypto card for payments.
https://twitter.com/shibburn/status/1551354575986331649
Accordingly, the SHIB burn card will allow a small amount of SHIB to be burned each time a user uses the card for payments. SHIB burning provides an efficient method to support the token’s value. Because of this, the burning rate also increased by almost 200%. After the announcement, more than 174 million SHIBs were permanently sent to the dead wallet.
In the past 24 hours, there have been a total of 174,765,213 $SHIB tokens burned and 15 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) July 26, 2022
However, surprisingly, the increased token burn rate had almost no effect on the SHIB price. cryptocoin.com As we have reported, on July 27, the SHIB price decreased by 16.19 percent from its price seven days ago. It is currently trading at $0.000001078.
