Whales Uploaded To This Meme Coin: Rally Is Coming!

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shiba inu whales are making a comeback after trashing 10 trillion tokens with the launch of the Shibarium beta testnet last week. As the top 100 ETH whales start accumulating SHIB this week, the token’s value is falling. Latest data from WhaleStats according to, two different whales purchased approximately 1.2 trillion SHIB tokens on March 20. The combined value of these purchases was approximately $10.89 million.

The first transaction was initiated by a whale with a ‘Kvothe’ wallet address. Whale purchased 899,999,734,985 (899.99 billion) SHIB tokens worth $9.61 million. A few hours later, SHIB’s most famous whale ‘BlueWhale0073’ took a new entry position on the token. ‘BlueWhale0073’ completed a transaction by purchasing 122,047,578,208 (122.04 billion) tokens worth $1.28 million.

Koinfinans.com As we reported, BlueWhale0073 has been steadily accumulating SHIB tokens for a year. But he regularly discards them for profit. However, the identity of both whales remains a mystery due to the nature of blockchain technology. Also, recently, an anonymous whale moved $276 million worth of SHIB from Crypto.com to its custodian wallet.

Will Whale Purchases Pump Its Price?

These trades did little to help the price of SHIB rise in the indices. The price of SHIB is no longer moving with whale purchases. General crypto- moves with the money markets.

much spoken shibarium Even the beta testnet version failed to raise the price of SHIB. Markets are currently reeling from the banking crisis and are at a crossroads before heading south. Despite Bitcoin surging above $28,000, leading altcoins and meme tokens failed to follow suit.

At the time of writing, the Shiba Inu is trading at $0.00001065. It was down 1.3% in 24-hour daily trading. SHIB is also down 87.65% from its all-time high of $0.00008616 reached in October 2021.


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