NFT News by Thebittimes.Com

Shiba Inu (SHIB) is undoubtedly very popular among whales, especially Ethereum (ETH) whales. According to the data on Etherscan.io, one whale wallet purchased 165.86 billion SHIB tokens for a whopping $1.87 million. Source: Etherscan.io Not only that, a few hours later, the same wallet transferred another 10 billion SHIB tokens to its wallet, worth $112,900. Source: Etherscan.io This brings the total to nearly $2 million worth of Shiba Inu, transferred within the last 24 hours. As per the wallet data , SHIB is currently the third most held token for the whale, following Ethereum (ETH) and USD Coin (USDC). The wallet currently hold 155.86 billion SHIB tokens. Whales going big on Shiba Inu? In the past few days, several whales have made big SHIB purchases. On October 18th, a mysterious new whale purchased 3 trillion SHIB tokens for $34 million. Whales have also been moving their SHIB tokens from one wallet to another. Another whale moved 1 trillion SHIB just before the launc...

Shiba Inu (SHIB) has had quite an eventful year in 2022. In April, the project launched its very own burn portal. The aim is to remove as many SHIB tokens from the circulating supply. Ever since fans and investors have actively participated in the burn process. At press time, SHIB’s burn rate surged to a whopping 649.92%. In the past 24 hours, 25,991,998 Shiba Inu tokens have been burned. Additionally, one single transaction was responsible for removing 10 million SHIB tokens from circulation. Source: Shibburn SHIB is undoubtedly one of the most popular crypto projects in existence. Having a low price, the project is passionately loved by fans, in hopes of it reaching “the moon.” Today in particular SHIB is witnessing massive buy orders on the popular crypto exchange Coinbase. As per the data, Coinbase has 91% buy orders for Shiba Inu, and only 9% sell orders . Additionally, the holding time has jumped from 5 months to 6.5 months, indicating growing confidence amo...