According to new data from Etherscan, Shiba Inu whales have bought 33.4 billion SHIB in just 30 minutes. Also, the unnamed Shiba Inu owners have many meme coins because they have done similar things in the last few weeks.
The acquisition of the meme coin is likely a purchase or redistribution of the asset. On the other hand, the same data shows that about a third of the investments made by the SHIB whales were sent to the Binance market.
Shiba Inu Whales Buy More
The biggest owners of one of the most famous joke coins on the market have kept spending a lot of money. In particular, it has been said that Shiba Inu whales can get 33.4 billion SHIB in just 30 minutes.
The reported transactions show several unidentified wallets went on a massive buying spree. Also, more than 11 billion SHIBs were bought in two of the biggest deals. After that, the next most significant shift of assets was worth more than 7 billion SHIB. Finally, each of the three moves that came after had 12 billion SHIB.
Shiba Inu’s price has been increasing over the past few weeks. The cost of a meme coin has decreased by 1.02% in the last 24 hours to $0.00000985. On the other hand, whales were in a hurry to get as many assets as possible while selling for less.
Over the past week, the item’s price has decreased by 6.90%. After that, the fall happened when new joke coins like the Pepe Coin became popular. On the other hand, the asset’s burn rate has been going up. In the last 24 hours, more than $2,254,093,318 has been burned.
But it will be interesting to see how the product price keeps going up and down now that there is more competition. Still, the Shiba Inu environment has a growing use that few joke coins can match. Also, their group has stayed busy and present to keep the asset price stable.
