These Whales have grabbed 216 billion SHIB as SHIB transaction volume soars

by Dec 11, 2022CryptoNews0 comments

According to a recent tweet by WhaleStats, the greatest whales on the Ethereum blockchain added little more than $2 million worth of SHIB to their wallets during the previous day.

Within 24 hours, 216 billion Shiba Inu were purchased

According to a tweet from the WhaleStats wallet tracker, the top 500 whales on Ethereum presently hold $73,667,853 in Shiba Inu meme coin. This is $200,000 more than they had on Friday – $71,378,787 in that popular meme cryptocurrency asset. At the current SHIB/USD conversion rate, this figure in USD is equivalent to 216 billion Shiba Inu. The average Shiba Inu balance of whales has increased by 1.43 percent in the last 24 hours.

Meanwhile, Shiba Inu transaction volume increased on Thursday and Friday, as seen by a graphic on the WhaleStats website. On December 9, it peaked at 26,567,659 SHIB.

5.6 trillion SHIB on the move

Still, while whiles continuing to acquire Shiba Inu, the community has been sluggish in resuming its regular fires. The SHIB burn rate has fallen by 60% in the last 24 hours.

Image by Shibburn

In fact, whales moved an astounding sum of over 5 trillion SHIB on Friday. The Whale Alert cryptocurrency tracker revealed two transactions holding slightly more than 2.8 trillion Shiba Inu coins. This number of meme coins is equivalent to around $52 million in fiat currency.

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However, such big token moves might be carried out by crypto exchanges that are reshuffling their stock. The wallets that conducted these transactions were categorized as “unknown” by Whale Alert, thus dispersing Shiba Inu by whales may also be an option here.

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