3.37 trillion Shiba Inu Tokens Acquired in one buyout by Whale Exchange
Highlights of the News
- Unknown exchange Whale has acquired 3.37 Trillion Shiba Inu Tokens in a single transaction.
- At the time of writing, Shiba Inu is trading for $0.00001212.
On Tuesday, a large buyout in crypto history, even in one transaction by a mysterious wallet/exchange worth $42 million.
At the time of writing, these tokens have a valuation of $41.2 million.
According to Etherscan.io, a newborn wallet collected a vast amount of Shiba Inu in the last 24 hours, surpassing the mark of 3,370,315,050,342 (3.37Trillion) and worth $42,769,297 ($42.76M).
What Is The Puzzling Situation After Such A Buyout?
Etherscan.io showcased transactional data that Whale paid more than $1.69 worth of gwei in gas for the transactional fees.
Interestingly, the Whale does not hold any cryptocurrency as before the purchase. No one knows about the Whale; it is a token, exchange, institution, and individual. But mostly told about it is a crypto exchange.
Shiba Inu’s fortune would be affected by whale activity in the future after this 3.37 trillion acquisition.
When the number of Shiba Inu Burns rose, a significant portion of tokens were sent to the Burn Wallet in August.
As per the Shibburn, a portal tracks the number of Shiba Inu tokens removed from circulation. In August, 3.37 trillion SHIB burned.
Although 410 trillion Shiba Inu tokens have been burned to date, 510 trillion Shiba Inu tokens are in circulation. It indicates that the burn rate would need to accelerate, matching the circulation to a fundamental change in the token’s price.
What is the Price Action of Shiba Inu?
When telling the news, the Shiba Inu is trading for $0.00001212 and is up 2.57% in the last 24 hours. While its counterparts, Bitcoin was trading at $19,316, up 2%, and Ethereum was standing at $1620, up 5% in the last 24 hours.