With the famous Ethereum whale uploading 99 billion Shiba Inu tokens, the meme coin SHIB, which is known as the “Dogecoin killer” in the crypto money markets, continues to attract attention. cryptocoin.com We are now looking at the details of this issue.
Huge move from Ethereum whale
According to information from WhaleStats, which stands out with its statistics in the crypto world, Ethereum whale “Jiraiya” has collected 99 billion SHIB tokens in two large transactions. Data from crypto whale tracker WhaleStats shows that Ethereum (ETH) whale “Jiraiya” has just uploaded 99 billion Shiba Inu tokens worth $3,560,960. “Jiraiya” ranks 17th among 1000 major ETH wallets watched. According to the information received, the investor nicknamed “Jiraiya”, the 17th largest ETH whale, collected 99 billion SHIB tokens in two large transactions.
“Jiraiya” purchased 49,999,041,461 SHIBs worth $1,847,289, followed by 48,999,041,461 SHIBs worth $1,810,343. Transactions occurred simultaneously and were recorded on the blockchain about 20 hours ago.
In every market cycle, after a situation in which prices corrected, comes an accumulation phase when investors see an opportunity to increase their holdings for which they are considering the correction. This situation continues to be seen for the Shiba Inu as well. Shiba Inu’s market cap has dropped with the last correction, displacing it among the top 10 cryptocurrencies. But whales and bottom buyers are helping SHIB offset some of its losses by reversing the picture. At the time of writing, the price of SHIB was around $0.000035.
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