Friday, December 10, 2021 11:56:26 AM
https://www.benzinga.com/amp/content/24541410
Samyuktha Sriram
December 10, 2021 3:33 pm
An Ethereum (CRYPTO: ETH) whale wallet named “Hulk” has acquired 8 trillion Shiba Inu (CRYPTO: SHIB) tokens worth $290 million, according to an update from on-chain wallet monitor Whale Alert.
What Happened: In a series of three transactions between Wednesday and Thursday, the whale added the tokens to their SHIB holdings that now exceed $465 million in value.
Looking to profit off crypto trading? Crypto traders just like you are getting profitable trades from Benzinga's crypto research team! Click Here to See the Next Trade.
Market participants speculated that the whale address could be a crypto trading platform such as Robinhood Markets Inc (NASDAQ:HOOD) as opposed to an individual holder given the scale of funds moving across wallets.
Earlier this month, the Ethereum whale wallet labeled Gimli added another 28 billion tokens to their SHIB holdings, which is worth now over $56 million.
Despite the influx of whale activity, SHIB’s price has declined considerably since its peak of $0.00008845 in October.
Price Action: As of Friday morning at publication, SHIB was trading at $0.00003476, down 2.47% in the last 24 hours.
Bitcoin (CRYPTO: BTC) was up 0.25% at $48,418.88, Ethereum was trading down 2.44% at $4,041.76 and Dogecoin (CRYPTO: DOGE) traded at $0.1691, down 2.96%.
Photo by Todd Cravens on Unsplash
$SHIB 👀 pic.twitter.com/uiAddnbbTQ
— Shiba Inu News (@ShibalnuNews) December 10, 2021
Recent SHIBUSD News
- Don’t Miss The Floki FOMO: Social Media Sends Meme Coin On 300% Rip • NEWSBTC • 06/23/2024 06:30:17 AM
- Bitcoin Crash: Crypto Analyst Reveals Why Price Could Drop To $52,000 • NEWSBTC • 06/23/2024 01:00:04 AM
- Little-Known But Important Dogecoin Indicator Goes Off, How High Can It Drive Price? • NEWSBTC • 06/22/2024 09:00:02 PM
- Shiba Inu Whale Withdraws 2.2 Billion SHIB From Robinhood, Should You Follow The Whales? • NEWSBTC • 06/22/2024 02:00:03 AM
- Are The Days Of Meme Coins Mania Over? Market Trends Suggest A Shift To Substance • NEWSBTC • 06/21/2024 02:00:58 AM
- Analyst Says XRP Price Is Long Overdue For Bullish Wave, Here’s The Target • NEWSBTC • 06/20/2024 02:00:38 AM
- Ethereum Holders Keep Growing in Numbers and Showing No Signs of Capitulation Despite Price Drop: Santiment • The Daily Hodl • 06/20/2024 12:00:27 AM
- Dogecoin Weighted Sentiment Drops To 2024 Lows, What Does This Mean For Price? • NEWSBTC • 06/19/2024 09:00:58 PM
- Dogecoin, Cardano “Very Bullish” Based On MVRV: Santiment • NEWSBTC • 06/19/2024 07:00:37 PM
- Shiba Inu, Cardano, DOGE Primed To Smash All-Time Highs Any Moment Now As Major Indicator Turns “Very Bullish” • ZyCrypto • 06/19/2024 07:00:10 PM
- BlockDAG Expected to Outshine SHIB and Dogecoin Prices: Vital Reading for Cryptocurrency Enthusiasts! • ZyCrypto • 06/19/2024 04:09:57 PM
- Is Solana A Good Buy? Finance CEO Predicts ‘Magnificent’ Autumn Rally • NEWSBTC • 06/19/2024 02:00:00 PM
- Bitcoin Month-Long Rally Comes To An End: Price Plunges Below $65,000 – What’s Next For BTC? • NEWSBTC • 06/19/2024 05:30:56 AM
- Hard To Be “Too Scared Of Bitcoin Price Action,” Says Analyst. Here’s Why • NEWSBTC • 06/19/2024 04:00:34 AM
- Shiba Inu To The Moon: Analyst Predicts A Run Above $0.00015 If This Happens • NEWSBTC • 06/19/2024 12:05:49 AM
- XRP, Dogecoin, & Shiba Inu All See Negative Sentiment: Signal To Buy? • NEWSBTC • 06/18/2024 05:00:29 PM
- Bitcoin Slumps To $64K Lows; Shiba Inu, Dogecoin, Cardano, Solana Lead Losses In Altcoins • ZyCrypto • 06/18/2024 11:32:10 AM
- Trump token whale sells for $3.7M profit as memecoin starts decline • Cointelegraph • 06/18/2024 09:48:20 AM
- End Of The Road For FLOKI? Analyst Predicts 80% Crash For The Shiba Inu Competitor • NEWSBTC • 06/18/2024 06:30:15 AM
- ‘No clear catalyst’ as altcoin bloodbath sees top coins dip double digits • Cointelegraph • 06/18/2024 05:12:56 AM
- Shiba Inu’s Shibarium Sees Triple-Digit Surge Across Major Metrics, What’s Going On? • NEWSBTC • 06/17/2024 07:30:10 PM
- Tether CEO Spotlights Bitcoin’s Uniqueness While Citing Bearish View on Shiba Inu, PEPE, WIF, FLOKI • ZyCrypto • 06/17/2024 05:33:40 PM
- BlockDAG’s Keynote 2 Captivates Influencers & Forecasts 30,000x ROI; ADA and SHIB Price Movements Explored • ZyCrypto • 06/16/2024 06:55:53 AM
- WIF Price Crashes 15% – Will The Freefall Continue? • NEWSBTC • 06/15/2024 09:10:29 AM
- WienerAI Sees SHIB Holders Transferring Capital Into The Dog-Based AI Crypto Gem • ZyCrypto • 06/14/2024 08:20:12 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM