Several anonymous crypto whales are transferring large amounts of SHIB. The popular cryptocurrency is trading just below its recent all-time high. However, meme coin has rallied 65% in the last 7 days and continues to rise at the time of writing.
Whales buy Shiba Inu (SHIB) with bags
Data shared by Etherscan shows that in the last few hours, cryptocurrency whales have transferred several large Shiba Inu stashes with a total of 28 billion tokens. This is equivalent to $1,295,560 at the current SHIB rate. At the time of writing, SHIB is trading at $0.000046. There were nine transactions, most involving several billion SHIBs.
In the largest transaction, the whale carried 12,289,245,806 SHIB tokens. The smallest whale carried 132,266.524 SHIB. Earlier this year, an unnamed whale bought 6 trillion SHIB in a single transaction and added 276 billion a few days later. Recently in October, several crypto whales together bought around 100 billion SHIB.
Anonymous user bought 276 billion Shiba Inu!
As shared by the Twitter account “ShibalnuNews,” a crypto whale recently purchased a dazzling amount of Shiba Inu for $11,510,207. The account holder says in his comment that the whale apparently knows something that others don’t, and he knows what he’s doing. Cryptocoin. com, on October 26, 2021, an Ethereum whale purchased 276.592,553,073 Shiba Inu tokens, equivalent to $11,510,207. Meme coin has rallied 65% in the last 7 days. At the time of writing, the uptrend in SHIB continues.
On Monday, US politician David Gokhshtein stated on Twitter that Elon Musk’s last tweet, which rejected SHIB, did not harm SHIB at all. On Sunday, October 24, the Shiba Inu rose to a new high of $0.00004442. Gokhshtein explains that this happened without Elon Musk and without the Robinhood app, which is expected to list the token soon. On Sunday, Elon Musk said he doesn’t have SHIB and believes that the most important thing (producing products and services for people) is the benefit of a project, rather than making money at all costs.