An Anonymous Ethereum Whale Just Bought 49.6 Billion SHIB As Burn Portal Advances to Testing Phase

According to WhaleStats, the tracker of 5000 biggest Ethereum wallets, an anonymous whale recently purchased a whopping 49.6 billion SHIB tokens worth over $1 million at current prices.

WhaleStats shared this update via its official Twitter handle a couple of hours ago.

Read Also: Shiba Inu (SHIB) and Dogecoin (DOGE) Are Finally Live For Online Payments On AMC Theatres Website

WhaleStats tweeted, “An ETH whale just bought 49,651,432,412 SHIB ($1,094,317 USD).”

SHIB Is 4th Most Purchased Token by 2000 Biggest ETH Whales

Also, Shiba Inu (SHIB) became the fourth most purchased token by the 2000 biggest Ethereum whales. The cryptocurrency is also the fifth most-purchased token by the top 100 ETH whales in the last 24 hours.

According to the data provided by WhaleStats, each top 100 ETH whales have accumulated 207,128,644 SHIB worth about $4,600 at current prices.

WhaleStats shared, “Top 10 purchased tokens by 2000 biggest ETH whales in the past 24hrs.”

Read Also: Shiba Inu Flips FTX To Become Biggest Coin Held By Top 1000 ETH Wallets. Whales Now Hold $1.42B Worth of SHIB

SHIB Burn Portal at Testing Phase

Shiba Inu community continues with their SHIB burn initiative as Ethereum whales maintain their SHIB accumulation spree.

According to an update about two days ago, the Shiba Inu development team has started testing the much-awaited burn portal for the digital token SHIB.

About the progress of the SHIB burn portal and the unspecified launch date, the Shiba Inu team wrote:

“A Burn Portal for SHIB is being currently worked on by the developer team and there is no current release date, but testing has begun with more details forthcoming. Burning SHIB is a core aspect of our Ecosystem and we are always exploring new options to burn SHIB via utility.”

---

Follow us on Twitter, Facebook, Telegram, and Google News