Largest Shiba Inu Whale Buys 1.5 Trillion SHIB From Binance, Coinbase; Price Rebounds

The largest Shiba Inu whale on Tuesday accumulated additional 1.5 trillion SHIB tokens from crypto exchanges Binance and Coinbase.

The move comes as whales and investors started accumulating SHIB after the recent crypto market crash. SHIB price soared over 3% in the last 24 hours.

Whale Accumulates 1.5 Trillion Shiba Inu (SHIB) Tokens

Whale Alert on June 13 reported wallet address “0x2eFB” received 1,047,480,969,141 SHIB ($6.97 million) from Jump Trading. The wallet address also received 483,923,234,473 SHIB ($3.25 million) from wallet address “0x66E0”. “0x2eFB” still holds 5.75 trillion SHIB.

Etherscan data shows “0x2eFB” transferred 1.5 trillion SHIB worth $10.09 million to wallet address “0x73AF” after a few hours. The wallet address is known to transfer SHIB to the largest non-exchange wallet address “0x40B3.” “0x73AF still holds 5.28 trillion SHIB.

Lookonchain shared that “0x40B3,” the largest holder of Shiba Inu, accumulated 1.5 trillion SHIB ($10 million) from Binance and Coinbase. Interestingly, the “0x40B3” received 20 trillion SHIB from “0x73AF” on May 16.

Meanwhile, lead developer Shytoshi Kusama has again paused the official Telegram group of Shibarium amid rising FUD related to the official date of the mainnet release. The pause in activity has also led to speculation among the community about whether the Shibarium release is near.

Also Read: Terra Luna Classic (LUNC) Developer L1TF All Set For v2.1.1 Parity Upgrade

SHIB Price to Rally?

Meanwhile, Australian exchanges CoinSpot and Swyftx have listed Bone ShibaSwap (BONE) token. The move comes after a recent poll showed the community wants to trade BONE token as the anticipated launch of the Shibarium Layer-2 blockchain comes near. BONE price trades at $0.70, up 2% in the past 24 hours.

SHIB price jumped 3% in the last 24 hours, with the price currently trading at $0.0000067. The 24-hour low and high are $0.00000653 and $0.00000675, respectively. However, the trading volume for Shiba Inu has decreased by 27%, indicating a lack of interest in traders.

Also Read: Bitcoin, Ethereum To Rise Amid Positive US Fed & Inflation Data or Fall As Market Makers Exit

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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