Top Whales Dispose Of 231.4 Billion Shiba Inu As Burn Rate Increases By 506%

The number of Shiba Inu owned in the top 100 addresses has decreased dramatically over the weekend, by a quarter of a trillion meme coins, according to the WhaleStats tracker of the biggest wallets on Ethereum and a few other chains.

Top Whales Dispose Of 231.4 Billion Shiba Inu As Burn Rate Increases By 506% 2

The burn rate of the Shib army’s preferred canine token appears to have risen at the same time because it has significantly increased during the past 24 hours.

231.4 billion Shiba Inu sold over weekend

The top 100 Ethereum chain wallets’ crypto holdings lost over $2 million worth of SHIB over the weekend, according to WhaleStats. At the present exchange rate, this is a total of 231,481,481,481 meme coins.

Whales are currently holding $72,241,236 in SHIB, the second-largest meme coin on the crypto market. The portfolio comprised by whales is 3.42% of this.

With DAI, stETH, and USDT sitting in front of Shiba Inu, SHIB currently occupies the fourth-largest position in the portfolio. The USDC stablecoin is the biggest asset in these investors’ wallets. Whales held SHIB valued at just over $74 million on Saturday.

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Annie

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.