In recent years, cryptocurrencies have become a rapidly growing industry and continue to attract more and more investors. One of the prominent cryptocurrencies in this field is the Shiba Inu. Recently, the Shiba Inu has gained great popularity in the market and has caught the attention of investors. The reason for this popularity is that the Shiba Inu is a “meme coin” and has achieved its popularity on social media and internet forums. The Shiba Inu also came up with a large whale purchase. A new Shiba Inu whale added 3,504,812,794,902 SHIB worth $40,235,250 to its wallet in just one hour. This massive whale move, also confirmed by WhaleAlert, has sparked more speculation about the future of the Shiba Inu. Here are the details.
A new Shiba Inu whale added 3,504,812,794,902 (3.50 trillion) meme coins worth $40,235,250 ($40.23 million) to his wallet in a single transaction. The whale is currently the 30th largest owner of the Shiba Inu and only has SHIB in its wallet. According to recent data from Etherscan.io, the transaction took place just four hours before the time of writing.
The meme coin transaction that took place on WhaleAlert, which tracks large whale movements Confirmed.
This development coincided with the announcement that the Shiba Inu (SHIB) team plans to release an upgraded version of ShibaSwap as well as a crypto portal.
On the other hand, Analyst Ali Martinez reported that the Shiba Inu (SHIB) witnessed an increase in network activity with approximately 36,000 active addresses interacting on the network in late March 2023, marking a new record for the digital asset.
Also, the popularity of the Shiba Inu (SHIB) has exceeded expectations among CoinMarketCap users. The first quarter report released by CMC shows that Shiba Inu has become one of the most watched cryptocurrencies on the platform, with investors worldwide keeping a close eye on meme coin price movements.
You can follow the current price action here.
Source : the crypto basic