Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
@shibburn tracker has reported that in the past week, the SHIB army has destroyed another substantial amount of Shiba Inu meme cryptocurrency.
SHIB army burns another massive Shiba Inu lump
Shiba Inu enthusiasts keeps sending large amounts of their favorite meme cryptocurrency to dead wallets in order to reduce the initial circulating supply of one quadrillion coins and thus to push the SHIB price way up.
According to the recent tweet posted by the @shibburn Twitter account which accumulates all SHIB burn data from etherscan on its website, over the past seven days, SHIB enthusiasts have incinerated a combined 152,439,298 meme tokens inspired by the Shiba Inu dog breed. It took the community forty-six transactions to do that amount of SHIB.
That amount of crypto is worth $3,777.
On Saturday, U.Today reported that in the past four days, the SHIB community had burnt a total of 112.46 million tokens. Overall, 457,137,064 SHIB worth $11,273 have been so far destroyed by the SHIB burning business represented on Twitter by the @317_key account.
In the last 7 days, there have been a total of 152,439,298 $SHIB tokens burned and 46 transactions. #shibarmy
— Shibburn (@shibburn) February 27, 2022
12.8 million SHIB gone in past 24 hours
The above mentioned @shibburn has also shared that in the past twenty-four hours, a total of 12,850,424 SHIB has been incinerated in nine transfers.
This sum in SHIB is the equivalent to approximately $320.
In the past 24 hours, there have been a total of 11,850,424 $SHIB tokens burned and 9 transactions. Visit https://t.co/t0eRMnyZel to view the overall total of #SHIB tokens burned, circulating supply, and more. #shibarmy
— Shibburn (@shibburn) February 27, 2022
SHIB is back on the list of top whale holdings
WhaleStats data aggregator has announced more good news for Shiba Inu. Over the past twenty-four hours, SHIB has returned on the list of the top ten digital currencies owned by the biggest Ethereum whales.
According to the data on the WhaleStats website, SHIB is on the third spot, following FTX Token (FTT). The average amount of Shiba Inu held by the biggest 1,000 ETH investors totals 54,046,266,992. This comprises $1,295,522,185 and 15.02 percent of the whales’ portfolio.
As for FTT held by these whales, their stash of this token equals 17.65 percent worth a whopping $1,522,032,199.
? Top 10 holdings by 1000 biggest #ETH whales
— WhaleStats - BabyWhale ($BBW) (@WhaleStats) February 27, 2022
? $ETH
? $FTT
? $SHIB
4⃣ $USDC
5⃣ $USDT
6⃣ $BEST
7⃣ $OKB
8⃣ $MANA
9⃣ $CRO
? $LINK
Whale leaderboard: https://t.co/28TDZ6JFiD pic.twitter.com/2M1hdXSdYZ
Earlier, WhaleStats reported that another meme token – Floki Inu (FLOKI) – was on the list of the biggest crypto holdings of ETH whales.
Vladislav Sopov