On Sunday, a mysterious and unidentified Shiba Inu superwhale bought 4 trillion tokens. The superwhale paid a staggering $42 million over the weekend to accumulate 4 trillion SHIB tokens. This is the highest purchase SHIB experienced in December of the month, as whales mostly remained absent in the fourth quarter of 2023. This unknown whale has no movement or ** tokens and may continue to hold SHIB for a longer period of time.
Whale Alert, a popular cryptocurrency wallet tracking bot, first announced the deal and made it public. Whale Alert wrote on X (formerly Twitter): "About 24 hours ago, a jaw-dropping sum of 4,238,953,460,450 SHIB tokens was transferred between wallets marked as 'unknown'. Interestingly, there are no exchanges involved in this transaction. ”
Shiba Inu: Whales buy shib before Shibarium is destroyed
The Shiba INU team confirmed last week that Shibarium will burn SHIB tokens starting in January 2024. The super whale is likely to be betting on SHIB destruction and therefore entered the market early. If Shibarium manages to burn trillions of tokens each year, the whale is likely to see its holdings swell.
More in-depth information about Shibarium will begin burning SHIB tokens in 2024. If trillions of tokens are sent to dead wallets, the possibility of SHIB** continuing to expand is possible. But it depends on the size of the burn, as burning millions or billions of tokens won't make SHIB scarce.
At press time, Shiba Inu was trading nearly 3% in 24 hours. SHIB is close to the 0. it reached in October 202100008616 dollar is the most **also** nearly 89%.