Whale watching platforms have noticed an explosion in transactions involving DOGE and SHIB since last week. The whales that initially sold 623 billion SHIB soon bought twice as much.
Anonymous whales have moved 2.7 billion DOGE
DogeWhaleAlert has detected massive transactions involving 4 million DOGE in a new weekly whale report. Whales only paid $9 for transfers containing large amounts of Dogecoin. It seems that Elon Musk’s move to buy Twitter is mobilizing big investors. Since last week, anonymous whales have moved a total of 2.7 billion DOGE.
Last week, Tesla CEO Elon Musk re-offered the Twitter giant acquisition deal for $44 billion. This news comes with the possibility that Musk will integrate Dogecoin into the platform. To recall, Musk initially gave up on his move shortly after he said he would buy the platform. He suggested that Twitter was sharing false data about how many of its users were bots. After that, Twitter shareholders complained about Musk for speculating on TWTR. Documents uncovered as part of the lawsuit include messages containing Elon Musk’s plans to integrate Dogecoin into Twitter.
Elon Musk is a DOGE fan who raises the price with his tweets. This interest has resulted in a rally not only in Dogecoin, but also in Dogelon Mars (ELON) and Floki Inu (FLOKI). The Shiba Inu (SHIB) was the name that became permanent among the top 20 as a result of this trend. Besides the loaded DOGE transfer, the whales also play big games on SHIB.
A whale first sold 623 SHIB, then bought twice as much
Shibaplay tweeted that an anonymous crypto investor has transferred a staggering 160 billion Shiba Inu. This transaction is equivalent to $1,742,400 in fiat terms. Data from Etherscan shows that this wallet has sold approximately 623 billion SHIB in the last 20 days. But before that, the whale bought almost twice as much as SHIB.
According to Etherscan, the aforementioned wallet purchased 1,000,000,000,000,000 Shiba Inu 21 days ago. The purchase took place on the Crypto.com exchange. After that, he split this amount of Shiba and started shipping it in pieces, mostly carrying 150-160 billion Shiba. The person transferred about four hours ago was carrying 160,000,000,000,000 and was sent to a Crypto.com wallet.
Thirty-eight days ago, one trillion SHIB was bought by this whale and later sold in the same way. One trillion SHIB is enough to make a healthy profit even with small fluctuations in SHIB price.
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