Thursday, November 11, 2021 7:02:36 PM
https://watcher.guru/news/whales-purchase-more-than-20-billion-shiba-inu-coins-during-dip
Shiba Inu takes the top spot among the leading ERC20 tokens despite the latest slump in price. The whales are making the most out of the Shiba Inu dip by adding bags of SHIB coins to their portfolio.
On an average, individual whales have picked up 20 billion SHIB coins in the last seven days. The token remains to be an undisputed king in the whale community.
Ethereum has turned out to be the second most loved crypto in the whale community. SHIB has held the top spot since close to a month and its whale dominance is increasing by the day.
Whales Love Shiba Inu
During the first week of November, it was reported that a mysterious whale purchased $750 million worth SHIB coins in a span of 10 days. The whale religiously filled his/her bags from October end to the first week November and purchased SHIB seven different times.
However, the identity of the whale remains to be a mystery. It is not known if the buyer is an individual, trading platform or a business entity. Nonetheless, the identity of the whale is not confirmed and the transaction remains anonymous.
Also, during the first week of November, an unidentified whale moved 40 trillion SHIB coins worth $2.76 billion to four different wallets. The wallets in question have no previous history of transactions.
The whale in question had invested $8.000 on SHIB in October 2020 and a year later gained fortunes of a lifetime. The investor also holds Dinger Token, Bean, Umi Token among others. Many claim that the whale moved the holdings to four different wallet addresses to evade taxes.
In addition, a few days ago a mysterious whale transferred 20 trillion SHIB tokens worth $1.13 billion. This is arguably the biggest whale movement across Shiba Inu in 2021. To be specific, the whale transferred up 20,000,000,000,000 Shiba Inu tokens from crypto.com and moved it to an unknown wallet address.
Even the best of whale watchers were unable to find out which wallet address the tokens were moved to. In conclusion, whales have become comfortable trading Shiba Inu and remains their favourite go-to token till date.
Shiba Inu at the time of publishing was trading at $0.00005233 and is down -4.1% in the 24-hours day trade.
Recent SHIBUSD News
- BlockDAG Achieves $23.6M, Adding New Payment Methods, Surpassing Shiba, Dogecoin With Forecasts For 30,000x ROI • ZyCrypto • 05/07/2024 07:18:47 PM
- Here’s How This Ethereum Whale Made $16 Million From A Single Trade • NEWSBTC • 05/07/2024 03:00:32 PM
- Why Is The Bitcoin Price Falling Today? • NEWSBTC • 05/07/2024 12:00:33 PM
- Shiba Inu’s layer 3 blockchain set to power up blockchain real-world utility: Cypher Capital Chairman • Crypto Briefing • 05/07/2024 04:06:24 AM
- Shiba Inu Price Prediction: Crypto Analyst Says Massive Surge Is Coming, Here’s The Target • NEWSBTC • 05/06/2024 09:00:49 PM
- Crypto Whale Spends $10.4 Million On PEPE, Do They Know Something You Don’t? • NEWSBTC • 05/06/2024 05:30:48 PM
- BlockDAG Adds 10 New Payment Methods After Viral Presale Touches $23M While Shiba & Avalanche Price Struggle • ZyCrypto • 05/06/2024 04:46:39 PM
- Mysterious Whale Bets Big on Shiba Inu With Nearly 2 Trillion Buy As Holders Envision $0.001 SHIB Price • ZyCrypto • 05/06/2024 02:36:21 PM
- Shiba Inu’s Shibarium Supercharges with Transformative Hard Fork • ZyCrypto • 05/06/2024 01:50:17 PM
- XRP, Solana, Cardano, Shiba Inu Braced For $4 Trillion Altcoin Market Earthquake • ZyCrypto • 05/05/2024 09:02:21 PM
- SEC Chief Gary Gensler Misled Congress On Ethereum, Says Crypto-Friendly Rep. Patrick McHenry • ZyCrypto • 05/05/2024 08:47:00 PM
- Crypto Expert Arthur Hayes Says Bitcoin Has Found Its Local Bottom – But Can It Hold This Level? • NEWSBTC • 05/04/2024 04:00:06 PM
- PEPE Primed For A Big Leap: 80% Price Increase Incoming? • NEWSBTC • 05/04/2024 02:00:37 PM
- Shiba Inu In Danger Zone: 15% Price Crash Incoming? • NEWSBTC • 05/04/2024 09:00:02 AM
- Bitcoin Back Above $63,000: Will FOMO Fuel Another Rally Or Lead To A Bust? • NEWSBTC • 05/04/2024 06:25:00 AM
- Shiba Inu Stands Strong: Over 650K Wallet Addresses Still Profitable Amid Recent Price Drop • NEWSBTC • 05/04/2024 02:00:50 AM
- Memecoins Resurgence? POPCAT And MEW Lead The Way With 20% Surge • NEWSBTC • 05/04/2024 01:00:29 AM
- Dogecoin Rival Shiba Inu (SHIB) Completes Highly Anticipated Shibarium Hard Fork • The Daily Hodl • 05/03/2024 10:01:58 PM
- Dogecoin Mirroring Price Action That Preceded Massive Bull Runs in the Past, Says Trader – Here’s His Outlook • The Daily Hodl • 05/03/2024 09:15:59 AM
- Bitcoin Loses Historical Level, Analyst Says “Reclaim And Bounce, Or Die” • NEWSBTC • 05/03/2024 02:00:19 AM
- Bitcoin On Track For $1 Million Per BTC “Fair Value”, Analyst Says • NEWSBTC • 05/02/2024 05:00:44 PM
- Crypto Analyst Predicts 244% Shiba Inu Rally Based On Bull Flag • NEWSBTC • 05/02/2024 02:00:30 PM
- Whales Dive In, But Dogecoin Price Sinks 20%: What’s Going On? • NEWSBTC • 05/02/2024 01:13:27 PM
- Altcoins In Trouble As Seasoned Analyst Predicts 40% Drop In Prices • NEWSBTC • 05/01/2024 11:00:37 PM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM