Memecoin whales buy Shiba Inu for millions

As the crypto portal ZyCrypto reports, have memecoin whales the past few days have been massively Shiba Inu (SHIB) purchased. Four major investors put a total of 2.4 trillion SHIB tokens into their wallets in recent days. A single Shiba Inu whale accounted for 1.44 trillion SHIB for more than $14 million, another for 237 billion SHIB for about $2.4 million.

Just last month, the controversial Tron founder Justin Sun about 600 billion SHIB over for $6 million. He was causing rumors even then. Was a Shiba Inu token burn imminent?

With a market capitalization of more than $5.3 billion, SHIB is the second most valuable memecoin after Dogecoin. In the past 30 days, the cryptocurrencies lost about 14 percent. It is currently trading at $0.000009044 per token.