SHIB Alan Smart Coin Stocks These Metaverse Coins Too!

Ethereum whales are returning to buy Shiba Inu. Major investors are stocking these metaverse coins alongside billions of SHIBs.

Ethereum whales have made massive purchases in the last 24 hours

The two biggest ETH whales, “Gimli” and “BlueWhale0159”, have bought a large amount of Shiba Inu in the last 24 hours. These two whales have withdrawn 533.99 billion SHIB to their wallets, worth a total of $5.62 million. In particular, Gimli made a total of $4.06 million in acquisitions. Data provided by WhaleStats shows that this whale has stockpiled 386.99 billion SHIB in two separate transactions. In the first transaction, the whale bought 199.99 billion SHIB worth $2.07 million.

After a few hours, the whale performed the second operation. In this transfer, he bought 187 billion, worth $1.99 million.

On the other hand, the Ethereum whale named “BlueWhale0159” made a $1.55 million SHIb transaction. According to WhaleStats data, BlueWhale0159, the 373rd largest Ethereum whale, has bought 147 billion SHIB in a significant transaction. The whale paid a total of $1.55 million for this amount of SHIB.

Following this massive accumulation of the biggest ETH Whales, Shiba Inu has also entered the list of top 10 tokens purchased among the 100 largest ETH whales in the last 24 hours.

Whales are also accumulating these metaverse coins

With the massive trades above, Shiba has returned to its status as the dollar’s largest token position. Thus, the 2,000 largest Ethereum whales brought their total SHIB savings to $633.98 million. Meanwhile, the most purchased metaverse coin was Decentraland (MANA).

According to the data provided by WhaleStats, the portfolio weight of the 2,000 largest ETH whales is as follows.

1. SHIB: 633,980,343
2. BEST: 180,760,680
3. CETH: 149,367,493
4. FTX Token: 146,533,983
5. MATIC: 124,993,169
6. MANA: 119,268,308
7. CHSB: 113,622,448
8. LINK: 113,603,374

SHIB burn rate peaked behind this partnership

The launch of a crypto card proposed by the Shiba Inu raises the token burn rate. In the early hours of July 25, SHIB burn portal announced that it is working on a crypto card for payments.

Accordingly, the SHIB burn card will allow a small amount of SHIB to be burned each time a user uses the card for payments. SHIB burning provides an efficient method to support the token’s value. Because of this, the burning rate also increased by almost 200%. After the announcement, more than 174 million SHIBs were permanently sent to the dead wallet.

However, surprisingly, the increased token burn rate had almost no effect on the SHIB price. As quoted by Kriptokoin.com, on July 27, the price of SHIB fell by 16.19% from its price seven days ago. It is currently trading at $0.0000107.