Amid the recent solid performance, the Shiba Inu (SHIB) has seen a significant increase in value within 24 hours as it approaches the $0.0005 level. It is worth noting that on October 26, 2021, an Ethereum whale purchased 276,592,553,073 SHIB tokens, equivalent to $11,510,207.
Whale buys millions of dollars worth of SHIB
This particular whale currently has approximately $13,448,334 in SHIB, according to transaction details provided by whalestats.com. This leaves many in the cryptocurrency community to ponder the question of whether another price hike in either direction is imminent.
cryptocoin.com Meanwhile, as we reported, SHIB’s 24-hour trading volume briefly surpassed that of Ethereum, the second-largest cryptocurrency, on October 25. In fact, the increased trading volume within 24 hours on SHIB occurred at a time when Ethereum reached its highest weekly close ever in the cryptocurrency market.
In an interesting development, SHIB rose more than 50 percent on Sunday to hit an all-time high of 0.000044. The inflows of $4.64 billion in the coin in two days on October 23 and 24 spurred price increases, bringing the total amount of money in the market from $11.02 billion to $15.66 billion.
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