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Mystery Shiba Inu Whale Snaps Up $444K in SHIB Amid Recent Rally
A large anonymous investor recently purchased a massive $444,000 worth of Shiba Inu, fueling speculation as SHIB prices rally.
According to transaction Data, the unidentified whale account obtained 60 billion SHIB in a single transaction. This occurrence brought the wallet’s total holdings to over 73 billion SHIB, valued at $541,350.
Remarkably, this account made its very first Shiba Inu acquisition just one month ago. Yet in that short timeframe, it has amassed half a million dollars worth of meme-inspired cryptocurrency.
SHIB now constitutes nearly half of this investor’s portfolio, which totals $1.38 million in digital assets. The willingness to allocate such a large percentage to Shiba Inu signals bullish conviction.
SHIB burn rate plummets by -70%
Recent data from Shib burn indicates a notable decrease of -74% in the burn rate of Shiba Inu over the past 24 hours. The data reveals that during this period, only 28 million SHIBs were transferred to inactive wallets.
The burn rate of Shiba Inu has shown a consistent decline in recent weeks. However, the launch of Shibarium hasn’t proven to be very effective in ramping up the burn process.
#SHIB #dyor #ContentStar#ZachXBT is back with yet another exposé.
This time, a Canadian scammer known as Yahya has been exposed by the pseudonymous on-chain sleuth for their alleged involvement in 17+ SIM swaps, which resulted in the theft of more than $4.5 million.
ZachXBT Unmasks Fraudster Yahya
ZachXBT discovered that Yahya’s role involved conducting account searches on various platforms, particularly X/Twitter, using his panel. This enabled the scammer Skenkir to identify potential targets in the United States for SIM swap attacks.
As compensation for his services, Yahya was entitled to a percentage of the funds obtained through each successful attack. In July 2023, a notable incident occurred when Yahya, in collaboration with HZ, a scammer whose assets had been seized by the FBI, defrauded an individual named Amir of $250,000 (equivalent to 136 ETH). They had fraudulently claimed to be selling access to Yahya’s control panel, which inadvertently exposed Yahya’s wallet address in the process.
Upon analyzing Yahya’s address tied to the Amir payment, ZachXBT identified a common thread – the same address was reused for the panel scam as for the SIM swaps payments, effectively linking all of his activities.