Top 1,000 Ethereum Wallets Now Hold 51.6 Trillion SHIB Worth $1.48 Billion, While 19.1M Shib Burned In 24 Hours

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Looking into the Whalestats data, we found the top Ethereum whales’ interest in the Shiba Inu token is growing.

The data reveals that the top 1000 ETH wallets are currently holding 51,660,947,525,321 of SHIB, valued at $1,481,475,410. That is a staggering 51.6 Trillion SHIB holding worth $1.48 Billion.

Shib Holders are rising: We can see an upsurge in the meme token’s demand as it has recently set a new record in terms of holders’ count. According to the data provided by Etherscan, the total holders count for the token stands at 1,146,433 (1.14M).

Shib Burn

According to the recent update from Shibburn, 19,156,573 (19.1M) SHIB tokens were taken out of circulation forever in the period of the last 24 hours with an average token burn rate of 798190.6 per hour and 13303 per minute.

The data reports that this burning took place in 8 transactions. Considering the number of transactions, we found that, on average, 2394571.625 SHIB tokens have been burned per transaction.

Since the start of the week, Shibburn reported a total of 33 transactions towards dead wallets, through which a total of 173 959 580 (173M) SHIB tokens have been burned till now. Still, there are four days left to end the week.

Looking into the data from the past week, the figure was 328,470,419 (328M) Shib burned with 57 transactions.

Overall, a total of 410,301,254,039,570 SHIB tokens, which account for 41.03013% of SHIB’s initial supply of 1 quadrillion, have been reported as burned by the Shibburn.

Despite all these Bullish signals derived from data, Shiba Inu’s price is facing difficulty to rise and currently trading down more than 2% at the price of $0.00002791. However, the 24-hour trading volume increased 13.37% to $808,259,517.49 compared to the previous trading session.

Overall, the Shiba Inu token maintains its bullish structure on the charts, and the bias will remain bullish until and unless the price remains above the $0.000010 critical support level.

Source: https://thecryptobasic.com

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