While money was flowing into meme coins in the cryptocurrency market, a whale carried $5.76 million worth of Shiba Inu (SHIB) to Binance.
On-chain analysis account Lookonchain included the Shiba Inu transfer of a whale in its post on March 2.
According to the post, the whale transferred to Binance through 5 wallets during the day. 6.76 million dollar worth 365 billion SHIB deposited.
The whale in question was purchased from Binance between November 17, 2023 and December 27, 2023. 3.24 million dollar worth 365 billion SHIB pulled. If the whale had sold all the Shiba Inus, its net profit would be around 2.5 million dollars.
While Ethereum, which took action after Bitcoin in the cryptocurrency market, showed a horizontal movement, now meme coins are on the rise.
According to CoinGecko data, in the last 24 hours 65.7% increase live SHIB, while writing From $0.00002148 finds buyers.