u.today
Analytics X account @spotonchain has revealed that earlier today, a whale purchased almost 150 billion Shiba Inu meme coins. This whale decided to return to $SHIB as an investment tool after they had earned an impressive amount of dollars on it earlier this year.
However, apart from $SHIB, this mysterious whale grabbed several hundred billion $PEPE and half a million NEIRO.
Whale goes on huge meme coin buying spree
Spotonchain has revealed that the aforementioned whale spent $12.8 million worth of $DAI stablecoins to make a huge crypto acquisition: 114.5 billion $SHIB worth almost $4 million; 326.3 billion $PEPE valued at $7.97 million and 550.1 million NEIRO equal to $952,000.
This tremendous meme coin purchase was made within a single hour, using nine digital wallets that belong to the whale.
The source says that the whale still holds slightly more than seven million in $DAI, and “the buying spree continues,” Spotonchain stated.
The entity that earned $8.66M from $SHIB and $WBTC earlier this year is now buying $PEPE, $SHIB, and $NEIRO.
— Spot On Chain (@spotonchain) December 10, 2024
In the past hour, it has spent $12.8M $DAI on these tokens across 9 wallets:
• 326.3B $PEPE ($7.97M)
• 144.5B $SHIB ($3.89M)
• 550.1M $NEIRO ($952K)
The entity still… https://t.co/BqpAx44f04 pic.twitter.com/hZiBDIel15
On March 31 this year, the same entity, according to the quoted tweet, sold 533.6 billion $SHIB and saw a realized profit of $8.24 million in less than a month of holding.
As reported by U.Today earlier this week, a giant whale stunned the world’s largest exchange, Binance, with a deposit of 121.75 billion $PEPE, securing a $2.13 million profit.
$SHIB burns skyrocket 12,670%
More $SHIB news has come from the Shibburn tracker as the Shiba Inu community continues to transit $SHIB meme coins out of the circulation supply permanently.
In total over the past 24 hours, the community has managed to torch an impressive 52,023,508 $SHIB batch. This massive burn brought the meme coin’s burn rate up by 12,670.70% by now.
The largest transactions on the list of burns carried 40,464,770 $SHIB; 9,726,555 $SHIB and 1,460,893 $SHIB coins.
By now, the $SHIB community has managed to dispose of 410,742,674,887,182 Shiba Inu in total, largely thanks to the effort of Ethereum frontman Vitalik Buterin, who burned almost half a quadrillion $SHIB in May 2021 after receiving it as a present from the coin’s mysterious founder, Ryoshi.