A Crypto Whale Bought 100 Billion SHIB Token

• A crypto whale bought 100 Billion SHIB Token due to the recent performance of Shiba Inu.
• The investor proceeded with his recent step after the launch of Shiba Eternity game.

On October 8, 2022 Etherscan recognized a transaction, moving a staggering 100 billion of Shiba Inu canine token, the second biggest meme crypto by market capitalization value. It was bought on a centralized crypto exchange and then transferred to a cold wallet. The following investor decided to go into Shiba after the recent launch of the much-expected Shiba Eternity game.

According to the information sourced by Etherscan, The Whale purchased a total of 100,000,000,000 Shiba Inu worth $1,108,000 on the Kucoin exchange. This whale appears to have made the purchase following a massive inflow of new investors into Shiba Inu. It is supposed that it is following the worldwide launch of the Shiba Eternity game on October 6.

The Shiba Eternity game received its global release on both iOS and Android, and thus the number of downloads of the app pushed it into the top 20 list in the App Store. While in the Google Play Store, the number of downloads spiked above 10,000 in some regions. And then, the number of Shiba Inu holders rose rapidly to 2,193,520. It was an increase by 2,220 users after the launch of the game.

Then, on Oct 7, 2022 Shiba Eternity Team asks about the experience of playing Shiba Eternity with a Reply on its post with user’s favorite screen-shots and feedback.

On September 24, 2022 Shiba Eternity team announced a contest to get the community make trailers for the game. This was an encouragement for video makers to “get creative and showcase the best of the game”. And the winning trailer would be shown on both App Store and Google Play.

After that, the team of Shiba Eternity game announced on their Twitter page that winners would get $5,000 worth of SHIB. And this amount of USD equals 451,263,537 Shiba Inu. The team also shared that they will contact the winners via Discord to arrange payouts.

Shiba Inu Price Analysis

The above chart indicates the seven days price performance of Shiba Inu. The current trading price of this token is noted at $0.000011 USD with a market capital of $6.06 Billion. The meme token is down 0.18% in the recent 24 hours.

Source: https://www.thecoinrepublic.com/2022/10/09/a-crypto-whale-bought-100-billion-shib-token/