Cryptocurrency market is active! Big investors in meme coin SHIB, Binance whales, are exiting the market by selling their profits. On the other hand, AGIX, which focuses on artificial intelligence, received a large amount of purchases from a whale. While this situation causes AGIX investors to be excited, it makes SHIB investors nervous. It is followed with curiosity how these two altcoins will perform in the coming days.
Whales are selling SHIB
While cryptocurrency markets have been experiencing fluctuations lately, altcoins continue to attract investors’ attention. Especially Shiba Inu (SHIB), which is among the meme coins, and artificial intelligence-focused altcoin SingularityNET (AGIX), attract attention with their recent movements. The popular meme coin SHIB has become a favorite of many investors with the rise it has experienced in recent months. However, recently it seems that some large investors have taken action to take profits.
According to the information provided by the successful data provider Spot On-Chain, 11 crypto wallets took action. Wallets thought to probably belong to one person sold 533.6 billion SHIB for $15.99 million. This sale corresponds to an average price of $0.000030. It is stated that these 11 wallets purchased SHIB in less than a month and made a profit of $ 8.24 million (+106%) from the sale. It is a matter of curiosity in which altcoin investors will invest this profit right now.
Binance whales related to SingularityNET
Another altcoin that has recently increased in popularity in the cryptocurrency industry is SingularityNET (AGIX). This AI-focused altcoin attracted the attention of investors by deciding to merge with other AI altcoins such as OCEAN and FET. According to data from Spot On-Chain, a whale who regularly buys AGIX purchased 1.21 million units of AGIX (worth $1.63 million) from Binance in the last 6 hours at an average price of $1.35.
This whale currently holds 10.21 million units of AGIX (worth $13.8 million), of which 8 million were purchased from Binance in October 2020 for only $0.041 (worth $330 thousand). This move by the whale may indicate that it is preparing for an upcoming artificial intelligence wave after FET, AGIX and OCEAN joined the ASI alliance.
So, whale snow sales on Shiba Inu are causing concern among investors. On the other hand, increasing whale interest in SingularityNET increases confidence and expectations in this altcoin. It is eagerly awaited to see what kind of movement will occur in the prices of both altcoins in the coming period. cryptokoin.com According to data, SHIB is currently at the level of 0.00003034 dollars. AGIX is changing hands at $1.28.
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