With the tweets of Elon Musk, there is no one who does not know how famous Dogecoin is all over the world. Musk, who even wrote Dogecoin CEO on his Twitter profile for a while, has made an incredible contribution to the growth of DOGE and such “dog-themed” coins.
Shiba Inu (SHIB), which was developed as a competitor to DOGE in these periods, has become competitive with DOGE in many ways.
SHIB, which became very popular after being listed on exchanges such as Coinbase Pro and Binance, also attracted the attention of whales.
According to the news of the International Business Times, an anonymous whale that bought 43.8 million dollars (6 trillion) on Thursday continued its SHIB purchases in the last 24 hours today.
🐳🐳 An SHIB whale just bought 6,178,758,122,373 $SHIB ($43,838,916 USD)
Transaction: https://t.co/X7mlV2fmKj#SHIB #ShibArmy #shiba #SHIBARMY
— WhaleStats.eth – tracking the top 1K ETH wallets (@WhaleStats) September 30, 2021
This whale, which made 3 more transactions on Saturday, bought 276 billion more ($2.2 million) SHIB.
Especially for SHIB, which does not have a large volume, such large purchases caused about 8 percent activity on the price at the time of purchase.
Could the Price Be $1?
The classic question for every coin under 1 dollar is “Is it 1 dollar?” The answer to the question is impossible for SHIB. Because for such a thing to happen, it needs to gain about 100,000 times its value from its current position. With a supply of more than 394 trillion dollars, SHIB’s $1 means its market value has increased to 394 trillion dollars. This actually reveals the impossibility of SHIB to go to 1 dollar in an environment where even the general crypto money market is 2.1 trillion.