Giant Whale Didn’t Miss The Sale: Heavy Buy On This Meme Coin

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  • The giant whale took advantage of the 8 percent drop, making a meme coin purchase of 160 billion coins.

Shared by CryptEye data According to a mystery whale, 160.4 billion dollars, equivalent to 2 million dollars, in the last 24 hours Shiba Inu (SHIB) he bought. The purchase is based on negative news resulting from an unsatisfactory inflation situation affecting all financial markets in the United States. Shiba Inu priceIt took place at a time when there was a strong decline in

This wallet has purchased 200.6 billion SHIB coins worth 2.5 million in the last seven days, of which 160 billion in the last 24 hours. In total, this wallet contains 14.6 trillion SHIB coins worth $180 million. Because of this hefty accumulation, it is likely that the dev wallet is either affiliated with the project itself or a member of the SHIB team, or it is a hot wallet of a crypto platform.

At the same time, another crypto portal WhaleStats reported that large Ethereum holders continue to hold large amounts of SHIB. According to the skin data shared by the platform, the 2,000 largest Ethereum whales hold $160 million worth of Shiba Inu coins.

While such holdings do not represent the majority of Shiba Inu holders, whose number recently reached an all-time high of 2.1 million addresses, these investors still hold the largest number of SHIBs.

Shiba Inu (SHIB) price action

Shiba Inu priceAs expected, it followed the rest of the crypto market in yesterday’s drop and lost in value. Currently, the SHIB price is down more than 8 percent from the same day high.

With today’s start, SHIB has managed to regain a small portion of the drop. Currently, the Shiba Inu is trading at $0.0000123, similar to the price action in recent months.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.


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