- Recently, a massive crypto transaction of Shiba Inu was noted by a crypto whale.
- In the transaction, 3,388,119,787,804 SHIB worth about $34 Million got transferred from unknown wallet to unknown wallet.
The most advanced blockchain tracker and analytics system, Whale Alert, a high-net-worth crypto investor transferred a huge amount of meme coin, Shiba Inu (SHIB) in a single transaction.
The data sourced from whale-surveying platform, Whale Alert, the deep-pocketed investor quickly and without warning shifted 3,388,119,787,804 SHIB worth roughly $34 Million from an unknown wallet to another one.
As per the analysis of the blockchain search engine, Etherscan, the sending wallet got totally abandoned as it no longer holds any funds or digital assets. On the other hand, the receiving wallet, which was empty before, now had the Millions of Dollars worth of SHIB that was sent.
Also, Etherscan data, showed the 50th richest Shiba Inu Whale contributed an incredible 125.34 billion SHIB, worth around $1.32 Million, in two separate transactions.
After that, the Whale added 63.60 Billion SHIB, or $673,537, to its wallet, which increased the number of Shiba Inu it owned. Additionally, the seventh-largest Shiba Inu whale surfaced and made a sizable purchase of 131.63 Billion SHIB, or approx. $1.39 Million. And, the famous Shiba Inu Whale now has 15.44 Trillion SHIB (approximately $163.51 Million) in her wallet. The world’s second-largest canine-themed cryptocurrency by market cap dropped below a critical support level, sparking renewed interest in SHIB.
However, following the huge accumulation of Whales, the price of SHIB/USD quickly recovered.
In the continuation, on October 19, Shiba Inu tried to break the significant support level of $0.0000094 on the four-hour chart. Luckily, it got unsuccessful, as two anonymous, wealthy Shiba Inu buyers invested a staggering $2.72 Million in three significant transactions to purchase 256.98 Billion SHIB.
In addition, the meme token, SHIB has seen rise in its use cases, as on October 11, 2022 Coinbase announced its partnership with Google Cloud to accelerate web3 adoption and innovation. This partnership would see Shiba Inu along with ashite of other altcoins that will be accepted by Google Cloud.
SHIB Price Analysis
The above graph shows the recent seven days price performance of Shiba Inu. At the time of writing, Shiba Inu is currently trading at $0.000010 USD with a 24-hour trading volume of $166.31 Million USD. Shiba Inu is down 2.83% in the last 24 hours. Its current CoinMarketCap ranking is #15, with a live market cap of $5.36 Billion USD.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2022/10/21/find-here-the-sudden-massive-shiba-inu-transaction-by-crypto-whale/