Latest News

Whales have taken 470 billion Shiba Inu tokens, giving them a total of 1.3 trillion SHIB

Following a big spike in the frequency of large transactions and good price movement, anonymous whales purchased billions of Shiba Inu tokens during its 30% run in March, according to WhaleStats.

To carry out such a massive buy, the Ethereum blockchain’s largest wallets had to split their purchases into many transactions. The first whale, who bought 420 billion SHIB, made two big purchases. Three hours before the second transaction, which was valued $7.3 million, the first one was for $4 million.

The second whale, who bought a smaller number of Shiba Inu tokens, made a single $1.3 million transaction. The whale was able to complete a trade without dividing his orders, indicating that the market was sufficiently liquid.

It’s unclear which exchange they used for the trade, or whether whales used over-the-counter (OTC) trading platforms.

The combined value of the funds held by both Shiba Inu wallets is about $40 million, or 1.3 trillion SHIB tokens.

Performance of Shiba Inu on the Market

The last few days of March were extremely encouraging for all Shiba Inu owners, as the token began to gain value and social attention at a rapid pace. Shiba Inu has gained nearly 25% to its worth at press time since bottoming out in March, and 38 percent at the local top.

Related Posts – XRP Price Goes Up After Unexpected Reappearance On Coinbase

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.