Tag: Trillion
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October’s Largest Whale Buys ~4 Trillion Tokens Worth $43 Million
A mysterious and unidentified Shiba Inu whale purchased nearly 4 trillion SHIB tokens worth a staggering $50 million on Thursday. The transaction can be called the biggest whale transfer recorded in October 2022 for SHIB. The anonymous address picked up 3,914,263,607,418 Shiba Inu tokens for $42,704,615.You can go through the enormous SHIB transaction details from Etherecan.io here.
Also Read: $1,000 Investment in Shiba Inu Turns Into $19 Million in October 2022
Source: Etherscan.io The identity of the whale remains to be a mystery and the reason for the large purchase is unknown. It is not known if the whale is taking an early entry position before the Shibarium documentation release.
Source: Etherscan.io The ETH-rich list has been splurging on Shiba Inu since mid-2021, and the trend didn’t slow down even during the bear markets this year. Both whales and retail investors alike believe SHIB can deliver the desired financial results in the long run. This blind faith in the token alone is what’s keeping SHIB afloat in the markets despite the harsh conditions.
Also Read: Will Shibarium Burn 100 Trillion Tokens? Shytoshi Responds
Just recently, another whale picked up nearly 166 billion SHIB tokens worth $1.87 million. You can read more details about the whale transactions in October 2022 here.
In addition, another whale moved nearly 3.3 trillion SHIB tokens on Wednesday. The exact reason for the transfer is unknown and it’s unclear whether the whale transferred or dumped the tokens. You can read more details about the 3.3 trillion SHIB token transaction here.
Also Read: Can Shiba Inu Make You A Millionaire By 2030? Here’s Your Answer
Shiba Inu: The Tale of Shibarium & Bone
Source: Pixabay Shiba Inu is attracting buying pressure as investors are keen on taking an early entry position before the Shibarium layer-2 network’s release. Shibarium’s governance token Bone outperformed SHIB in price jumping 23% this week, while Shiba Inu was up only 10%. Bone will be used as gas on the Shibarium network making it get an important use case in the ecosystem.
Therefore, both Shiba Inu and Bone are rallying in the hopes of a Shibarium documentation release. However, the tentative release date for Shibarium documentation remains to be unknown. Unification, the firm that building the L2 network confirmed in the blog post that Shibarium will be out “sometime shortly thereafter” post Q3 of 2022.
Also Read: ShibaEternity Criticized by Community, Ask For Shibarium Instead
At press time, Shiba Inu was trading at $0.00001085 and is up 4% in the 24 hours day trade. On the other hand, Bone was trading at $1.10 and is up 6.3% in the day’s trade.
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Anon Whale Dumps 3.3 Trillion SHIB, Here’s Why
Alongside Dogecoin, Shiba Inu has dominated the meme coin market. Since last year, investors’ interest in meme coins has peaked. Despite the sustained cryptocurrency bear market, interest in SHIB among whale investors hasn’t subsided.
Shiba Inu has recently seen an unprecedented increase in whale activity. Whales were buying trillions of SHIB rather than billions. The whales have also been moving, dumping, and buying back the SHIB, using a personal trading strategy.
Some unidentified whales now engage in this routine behavior on a regular basis. According to Whale Alert data, an anonymous whale transferred 3.3 trillion SHIB to another wallet.
Anonymous whale transfers 3.3 trillion SHIB
According to the data from Whale Alert, 3,367,037,381,943 SHIB has been dumped by an anonymous wallet. The exact nature of the transfer is unknown. It is unclear whether the transfer is just a normal movement of the token between the whale’s wallet or a legitimate sell-off.
The current value of the transferred SHIB is worth $35.7 million SHIB at the time of writing, and the anonymous whale now has zero SHIB in its wallet. The market that was plunging until yesterday has reversed and is trading in the green.
As per the data from CoinMarketCap, SHIB is currently trading at $0.00001061 with a 5.3% hike in the last 24 hours. SHIB, which was trading at $0.0000101, touched $0.0000107.
The crypto market has regained a $1 trillion market cap as major coins have displayed single-digit and double-digit gains. BTC and ETH have gained 6.4% and 13.26% in the last 24 hours, respectively.
DOGE has displayed a much better gain, with a 12.3% price hike in the last 24 hours. However, it is unclear whether it is a short-lived bubble or whether it is just the beginning of another rally. The exact reason for the rally is also unclear at the moment.
