Two Wallets Adds 507B Shiba Inu From Coinbase

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Two deep-pocketed Shiba Inu’s investors added a whopping $4.69 Million worth of SHIB in the past 24 hours.

Etherscan.io data reports that the two nascent Shiba Inu investors scooped up a humungous 507,549,845,605 (507.54B) SHIB, worth $4,694,835 ($4.69M) from one of the Coinbase-linked wallet tagged “Coinbase 10” via two separate transactions in the past 24 hours.

Breakdown of Transactions:

Nascent Shiba Inu Whale Accumulated $2.51 Million Worth of SHIB:

According to Etherscan.io, the nascent whale collected a gargantuan 272,015,652,211 (272.01B) SHIB, worth $2,516,144 ($2.51M) from Coinbase in a single transaction executed about 16 hours ago from now. The data further reveals that the Whale is newly born and only holds SHIB in her wallet.

The Mysterious Whale Added 235.53 Billion SHIB to her Wallet:

At the same time, another whale became active and purchased a gigantic 235,534,193,394 (235.53B) SHIB in exchange for $2,178,691 ($2.17M) from Coinbase in one significant transaction. This whale now holds 546,218,718,691 (546.21B) Shiba Inu, worth $5,052,523 ($5.05M).

Besides Shiba Inu’s Whale accumulation, Shiba Inu Community continues to take out millions of Shiba Inu tokens from circulation almost daily. As reported earlier by TheCryptoBasic, Shiba Inu Community has destroyed over 64.88 Million SHIB through 13 separate transactions in the past 24 hours. As a result, Shiba Inu’s burn rate spiked a whopping 4497% over the last day.

On the other hand, the major exchanges prefer Shiba Inu to be a part of their reserves. As per the recent report, Binance and Crypto.com collectively hold over 1.50 billion worth of SHIB in their reserves.

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