SHIB Army Burns 509 Million Shiba As Whales’ SHIB Holdings Drop Below 11%

SHIB Army

Half a billion SHIB locked up in dead-wallets, while investors continue to buy huge lumps of this meme token

@Shibburn tracker reported that in the past 24 hours half a billion Shiba Inu meme pieces have been burned and removed from circulating supply.

In the meantime, the percentage of SHIB holdings in the top 100 ETH whales’ portfolio has dropped below 11 percent. At the time of writing, it amounts to $493.6 million.

509 million Shiba burned

A total of 508,825,823 Shiba tokens have been destroyed in the past 24 hours – a result that took just 15 transactions from the SHIB community.

The largest burn transaction here carried nearly more than half of the total amount of the destroyed SHIB – 295,559,819 coins.

“BlueWhale0073” buys 147 million Shiba

According to on-chain data platform @WhaleStats, Ethereum investor titled “BlueWhale0073” has once again stunned the community by making a gigantic purchase of SHIB. He bought 147,846,134,326 tokens worth $1,562,733.

On Friday, May 27, the same investor acquired a similar amount of meme crypto – 142,670,797,289 Shiba Inu tokens.

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