The whales, known as deep-pocketed investors, continue to purchase Shiba Inu (SHIB). The latest purchase came today in a new wallet backlog containing 3,323,256,285,484 (3.3 trillion) meme coins worth $30.4 million in a single large transaction. The purchase took place in the middle of the last rally initiated by the asset, which rose 8.77% last week to its current price of $0.000009299.
According to Whale Alert, the transaction that took place an hour ago is associated with two newly activated wallet addresses that cannot be identified. Data from Etherscan reveals that the sending address is used as one of many forwarding wallets for moving funds.
🚨 🚨 3,323,256,285,484 #SHIB (30,458,751 USD) transferred from unknown wallet to unknown wallethttps://t.co/f12FEIOwzC
— Whale Alert (@whale_alert) January 12, 2023
NEWS CONTINUES BELOW
In fact, SHIB tokens were received by another address between December 24 and January 3 last year. The original address then forwarded the meme coins to the final recipient wallet via three different addresses that were newly activated as of January 5. The buyer’s wallet now has $30.4 million in SHIB balance, making him the 28th largest SHIB holder as of press time.
SHIB Whale Accumulation Continues
The purpose behind the movement of meme coins remains a mystery. Still, this latest development appears to be a pattern of recent accumulation movements, many of which were initiated by deep-pocketed SHIB investors.
Last month, the seventh-largest SHIB whale at the time added 198.4 billion meme coins to its bag. A few days before this transaction, a new whale accumulated 2.6 trillion SHIB at a time when the asset was in a bearish trend. WhaleStats recently revealed that the top 500 Ethereum whales have $54.1 million worth of SHIB, which represents 2% of their cumulative balance.
You can follow the current price action here.
Source : the crypto basic