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A top whale bought billions of Shiba Inu (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.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.
Shibarium Beta burn rate up by 719% in 6 transactions
[embed]https://twitter.com/WhaleStats/status/1641627154231226371[/embed] After the release 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.
Shiba Inu up, but trading volume is in-line with expectations
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.