<span style="font-weight: 400;">A top whale bought billions of <a href="https://www.cryptoknowmics.com/news/crypto-experts-hopeful-for-2023-gains-their-top-picks-are-shiba-inu-shib-solana-sol-and-tms-network-tmsn/" target="_blank" rel="noopener">Shiba Inu</a> (SHIB) tokens on Friday. A top whale bought billions of Shiba Inu (SHIB) tokens. After the Shibarium Beta release dubbed PuppyNet, the daily burn rate of SHIB tokens significantly increased, prompting the change.</span><span style="font-weight: 400;">
</span><span style="font-weight: 400;">According to the data from Etherscan, the data reveals the whale holds 65,829,862,154 SHIB tokens. It’s the second-largest holding after ETH holdings of 10,159 worth over $18 million. The whale “BlueWhale0073” also purchased 985,593 MATIC tokens worth $1.08 million.</span>
<h2><span style="font-weight: 400;">Shibarium Beta burn rate up by 719% in 6 transactions</span></h2>
[embed]https://twitter.com/WhaleStats/status/1641627154231226371[/embed]

<span style="font-weight: 400;">After the <a href="https://twitter.com/WhaleStats/status/1641627154231226371" target="_blank" rel="noopener">release</a> of the Shibarium Beta, Whales continued to buy SHIB tokens in large quantities. The developers of Shibarium claim to burn 100 trillion SHIB annually which has led to an increase in the SHIB burn rate with each transaction. SHIB burn rate increased by 719%, according to the Shibburn portal. The community burned 8,209,953 SHIB tokens in 6 transactions. 868 million SHIB tokens have been burned by the community.</span>
<h2><span style="font-weight: 400;">Shiba Inu up, but trading volume is in-line with expectations</span></h2>
<span style="font-weight: 400;">The price of a Shiba Inu is fluctuating, currently trading at $0.00001056. The respective 24-hour low and high of $0.0000104 and $0.0000106. Additionally, trading volume has decreased by 21%, indicating that traders are less interested.</span>

Buying Billions Of Shiba Inu Tokens, Burn Rate Jumps Over 700%

A top whale bought billions of Shiba Inu (SHIB) tokens on Friday. A top whale bought billions of Shiba Inu (SHIB) tokens.

Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

Buying Billions Of Shiba Inu Tokens, Burn Rate Jumps Over 700%

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