231.4 Billion SHIB Dumped by Top Whales as Burn Rate Spikes 506%

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231.4 Billion SHIB Dumped by Top Whales as Burn Rate Spikes 506%
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Over $2 million in ShibaInu sold by whales as the amount of burned $SHIB rises. WhaleStats

held in the top 100 addresses has shrunk significantly — by a quarter of a trillion meme coins.

At the same time, the Shib army seems to have accelerated the burn rate of its favorite canine token as it has shown a tremendous rise in the past 24 hours.WhaleStats has shared that over the weekend, the crypto holdings of the 100 biggest wallets on Ethereum chain have shed roughly $2 million worth of SHIB. This constitutes a total of 231,481,481,481 meme coins at the current exchange rate.

At the time of this writing, whales are holding $72,241,236 in the second largest meme coin on the crypto market — SHIB. This is 3.42% of whales' comprised portfolio. At the moment, SHIB is holding the fourth largest position in the portfolio, with DAI, stETH and USDT sitting in front of Shiba Inu. The largest asset in these investors' wallets is USDC stablecoin.

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