A massive amount of Shiba Inu (SHIB) has been bought by the veteran crypto investor, known as 'BlueWhale0073', since the start of this month. As WhaleStats reported, the whale purchased a total of 480 billion SHIB in three transactions, paying $1,651,483 for the whole chunk. The investor allegedly is focused on Ethereum-based tokens and holds position 254th on the WhaleStats ranking scale.

On the 6th of April, the second largest meme coin, SHIB, surged slightly under 2% while the whale likely managed to sell his SHIB before the price dropped nearly 2.11% on the hourly chart. At the time of writing, SHIB is changing hands at the value of $0.00001084 on the Binance platform.

Another significant occurrence following the whale's purchase of SHIB is the community's reduction of its circulating supply by 15,459,464 meme coins. As the details suggest, the Shiba Inu was transferred to dead-end wallets in a single transaction and 14,384,261 SHIB is registered in the Burn Rate window from which roughly over 1 million SHIB followed.

As stated by Shibburn crypto tracker, the burn rate currently stands at "zero percent" and this could prove to be beneficial for the SHIB token in the long run. Additionally, the actions of the mysterious whale keeps perplexing the market, leaving SHIB holders with the question of when he will be back next time.



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