According to data from blockchain tracker Etherscan, crypto whales have purchased 20.7 billion SHIB tokens in the past few hours. Whales moved tokens from one wallet to another and from crypto exchanges to their digital addresses in 8 major transfers.
The largest transfer carried 6,348,990,689 SHIB, while the second largest transfer carried 3,530,860,280 SHIB. It was followed by transactions carrying 2.7, 1.5 and 1.8 billion SHIB.
SHIB Burns Continue
While the whales are buying, SHIB burning continues. On December 26, crypto company Bigger Entertainment is planning a SHIB burning party. Users can contribute to their regular SHIB burns by purchasing something or listening to music on their website.
As of December 24, just over 211 million SHIBs are scheduled to be burned. However, it is possible to see a small increase in quantity up to burning.