According to the latest post by WhaleStats, which examines whale wallet movements, on June 24, Shiba Inu ranks first among the top 500 ETH whales among the most “HODLed” cryptocurrencies by dollar value. According to the data, the whales have about 600 million dollars of SHIB in their hands.


Shiba Inu also managed to rank among the top 10 most traded cryptocurrencies among the top 100 ETH whales in the last 24 hours. FTX token (FTT) is at the top of the list with a volume of $ 17 million.

Increase in SHIB burning rate

According to Shibburn data, a total of 61,529,685 SHIBs were burned in 9 different transactions in the last 24 hours. SHIB burning rate increased by 800% compared to the previous day.

With the last burnings, a total of 410,370,137,534,540 SHIBs have been removed from circulation so far. Shiba Inu, which has a total supply of 1 quadrillion, currently has 557,508,821,669,067 units in circulation. According to data from CoinGecko, Shiba Inu (SHIB) is trading at $0.0000105 at the time of writing, 88.2% below the all-time high (ATH) reached in October 2021.