SHIB and They’re Buying These Coins!

SHIB: According to whale watching platform WhaleStats, whales continue to receive the meme coin Shiba Inu (SHIB). In addition, SHIB became one of the most traded tokens among whales. Meanwhile, whales are also interested in an Ethereum competitor. Whale activity in Polygon (MATIC) is outstanding.

Whales continue to accumulate SHIB

Data from WhaleStats over the past 24 hours shows that meme coin Shiba Inu has entered the list of top 10 tokens with the highest trading volume. Meanwhile, a large whale on the Ethereum Blockchain bought 163.2 billion from SHIB.

According to the WhaleStats website, SHIB ranks eighth in the top 10 cryptocurrencies list by trading volume. Stablecoins Tether (USDT), USD Coin (USDC) and SHIB’s regular competitor FTT token are ahead. Shiba Inu also stands fifth on the list of the 10 most actively sold tokens, along with ApeCoin (APE), Chainlink (LINK), Maker (MRK), and Uniswap (UNI).

Giant whale caught 163 billion SHIB

WhaleStats also shared that the whale named ‘BlueWhale0073’, which has been actively buying SHIB for the past few months, has also made a big purchase. Whale bought 163,286,048,050 SHIBs worth $1,575,710.

The page of this whale’s wallet shows that it has sold almost all of the purchased SHIB tokens. At the time of this writing, the investor holds 5,055,490,196 SHIBs worth $51,566. This makes up 1.99% of his portfolio. The majority of the wallet content is USDC (51.77%) and USDT (24.05%) stablecoins and UNI (18.59%).

Shiba Inu combustion portal activity has decreased

According to Shibburn, a total of 60,537,792 SHIB tokens have been moved to a dead wallet in the past 24 hours. Six transactions took place to remove this amount of SHIB from circulation. On the other hand, the website shows a significant decrease in the burn rate of the meme coin. It’s down 34.98% compared to nearly a billion the previous day.

According to Shibburn, a total of 410,370,130,197,615 SHIBs have come out of circulating supply so far. 557,841,134,992,727 tokens are currently in circulation. In addition, 31.788.734.809.657 SHIB has been allocated to various DeFi projects.

Whales add tremendously to MATIC assets

Santiment reported that since the beginning of May, the supply of Polygon (MATIC) held in the wallets of crypto whales of various sizes has increased by about 9%. By the way AmkNews.comAs you can follow, the token price has increased tremendously.

According to Santimen, wallets holding 10,000 to 10,000,000 MATICs bought more MATIC. This resulted in their balances increasing by 8.7% collectively. They have been buying MATIC for the last six weeks since the beginning of May.

Meanwhile, MATIC is up 23.19% in the last 24 hours. Considering that the crypto market is dominated by bears, this is a tremendous increase in value. According to data shared by CoinMarketCap, the token price is $0.5064 at the time of writing.

Price increases link to carbon neutrality news

Another big reason for this increase in MATIC, according to experts, is its recent partnership with KlimaDAO, the on-chain carbon market, to achieve carbon neutrality. Yesterday, Polygon announced that it has received $400,000 worth of carbon credits, representing 104,794 tons of greenhouse gases.

Polygon President Sandeep Nailwal has urged the blockchain space to stop making the environmental crisis worse than it is now. He also urged them to go beyond promises to do something to prevent it.

A large whale bought 10 million MATIC

WhaleStats shared that a whale named ‘BlueWhale0097’ received 10,000,000 tokens worth $4,226,890,. Currently, MATIC tokens make up 11.91% of this whale portfolio. That translates to $6,124,735 worth of MATIC.

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Larry Brown

I graduated from Yale University, Department of Television. I have been a professional news writer for 3 years. I am continuing my career here by establishing site 3 months ago.