A Shiba Inu whale, one of the giants, has bought $1 million worth of meme coins in the last 24 hours. Parallel to this development, the Shiba Inu is struggling to reclaim the $0.00001 zone. Here are the details.
In the last 24 hours, one of the most popular names in the cryptocurrency world, one of the Shiba Inu whales, made a remarkable move, accumulating $1,073,251 ($1.07) worth of SHIB. This large whale is known as the 19th largest owner of the Shiba Inu and has added an incredible amount of SHIB to its portfolio in three separate transactions in the last 24 hours, according to data from Etherscan.io.
According to Etherscan.io data, this Shiba Inu whale has purchased a total of 121,271,415,827 (121.27 billion) SHIB tokens in the past 24 hours. As a result of these transactions, the value of SHIBs added to the whale’s portfolio amounted to $1,073,251. This impressive move shows that the meme coin holder is a strong presence in the cryptocurrency world and has high faith in the SHIB token.
Detail of SHIB Purchases
Koinfinans.com As we reported, Whale started the buying spree about 15 hours before press time, raising 6,184,556,964 (6.18 billion) SHIB worth $54,733 in a single transaction. A few minutes later, it made its second transaction and bought 101,206,587,299 (101.20 billion) SHIBs worth $895,678. But the whale didn’t give up at this point and made another purchase, spending $122,840 to raise another 13,880,271,564 (13.88 billion) SHIBs.
These accumulated SHIB tokens have significantly expanded the portfolio of the meme coin whale. The whale currently has 5,526,578,196,303 (5.52 billion) SHIB in its wallet worth $48,910,217 (48.91 million). This can be interpreted as an indication of the whale’s trust in the Shiba Inu and its belief in its future. In the cryptocurrency markets, whales are often big players who can influence price fluctuations, so such moves are often watched carefully among other investors as well.
With the whale’s huge accumulation, the price of the Shiba Inu has also increased by 3% in the last 24 hours. At press time, the meme coin is trading at $0.00000885, up 2.4% from the previous day.
You can follow the current price action here.
Source : the crypto basic