Large Shiba Inu whale bought $1.72 million worth of SHIB. The data shows that crypto whales are carrying $127 million worth of XRP tokens. According to IntoTheBlock, FLOKI holders sell their tokens. Finally, one of the big MATIC whales has transferred its tokens to the exchange. Keep reading us for details…
Giant SHIB whale adds 168 billion more tokens
A huge Shiba Inu whale has received $1.72 million worth of SHIB in the last 24 hours. Etherscan.io data reveals that Shiba Inu’s 19th largest holder has purchased 168,375,992,729 (168.37 billion) SHIBs worth $1,729,221 ($1.72 million) in two separate transactions in the past 24 hours.
The whale’s buying spree started with a single transaction, adding 9,819.006.847 (9.81 billion) SHIB to the portfolio. But this was just the beginning. Moments later, Whale made another astonishing purchase worth $1,628,380 ($1.62 million). In this move, he bought 158,556,985,882 ($158.55 billion) SHIB. This massive accumulation brings Whale’s SHIB holdings to an astronomical 5,252,333,033,396 (5.25T) SHIBs worth $54,099,030 ($54.09 million).
Whales’ interest in the Shiba Inu (SHIB)
Recent developments in the Shiba Inu Ecosystem have rekindled Whales’ interest in SHIB. Finally, cryptocoin.com As we reported, the leading Lithuania-based Neobanking Institution has added support for the Shiba Inu to its CeFi platform.
In another exciting development, Binance Pay has teamed up with ivendPay to take the use of Shiba Inu as a payment method to the next level. This partnership promises to enable Binance Pay users to make payments using SHIB at 400 ivendPay powered merchants.
Whales set to accumulate more XRP
Data provided by WhaleAlert shows that crypto whales have moved over 280 million XRP (worth approximately $127 million) in multiple transactions in the past 24 hours. The largest transaction recorded by the tracker was the transfer of 108.9 million XRP tokens (worth around $50 million) between unknown wallets.
The tracker noted that a wallet called Ripple also moved 50 million XRP tokens (worth about $22.8 million) to an unknown wallet. According to the data, the whale moved around 54 million XRP tokens (worth around $24.8 million) to the Bitstamp crypto exchange to empty wallets. The largest transaction recorded by the audience was the dumping of 28 million XRP tokens (worth around $13 million) on the exchange.
FLOKI holders are selling their tokens!
Floki Inu (FLOKI) recently experienced a significant price increase. This caused a flurry of trading activities. According to IntoTheBlock, the analysis revealed that active addresses have risen with more than 40% increase in token price. This development is likely to signal a shift in the behavior of FLOKI traders. Because some see the price increase as an opportunity to empty their holdings.
Interestingly, the data also shows a small increase in zero-balance addresses. This shows that some FLOKI holders are selling at the price action. However, the increase in new addresses indicates that the token continues to attract new investors. It’s also a sign that it’s potentially offsetting the selling pressure from current owners.
Floki Inu emerged amid the rise in popularity of meme entities like Shiba Inu. These closely follow the Dogecoin pattern. The token posted a 520% rise in January. However, it later experienced a rapid return of over 40%. This price action highlights the volatile nature of FLOKI and the potential risks associated with trading them.
It is possible to attribute the recent price increase to market sentiment or social media excitement alone. That said, it’s important to keep in mind that meme tokens like Floki Inu often lack the core value or utility that more established cryptocurrencies offer. Therefore, their prices can be extremely unpredictable. This makes them prone to sharp fluctuations. Despite this natural volatility, the increasing number of new addresses shows that it continues to attract investors.
Whale activity at MATIC
On-cahin analytics firm Santiment reported that 60 million MATIC tokens are the second-largest token transfer shifted to exchanges this year.
One of the largest Polygon addresses transferred 60 million MATIC to an exchange. This caused the network’s stock market supply to rise to 7.92%, a five-week high. This event demonstrates the potential impact of large token transfers by whales on the overall health of the network.
Such transfers can be an indicator of market activity and liquidity. In addition, it is possible to cause volatility and price fluctuations in the market. Therefore, it is important for investors to exercise caution during such events. Whales or large holders often move their tokens to exchanges when they want to sell them. It is worth noting that this particular whale is self-contained. Therefore, this could be a potential reason for a massive token move. However, the whale still has a substantial amount of MATIC with 3.78 billion tokens in hand.
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