Another Shiba Inu Whale is Born: Buys 850 Billion SHIB Coins Worth $36 Million During the Dip

Vinod Dsouza
Shiba Inu Whale

A new Shiba Inu whale made his/her debut today by purchasing a mind-blowing amount of tokens during the dip. The mysterious and unidentified whale picked up 850 billion SHIB coins worth a staggering $36.5 million. The whale made good use of the recent dips and added bag loads of tokens to his/her portfolio.

Whales have been steadily stocking up their SHIB assets since close to a month after every dip. While regular investors are fearing further slump and selling their holdings, whales are making maximum use of the dips and adding more to their bags. The development shows regular investors and whales don’t think alike. However, the million dollar question here is- ‘Do whales know something which the common investor doesn’t?’

Just a few days ago on November 17, a mysterious whale purchased 170 billion SHIB coins worth $8 million. The transaction was made during the dips. The whale in question had converted Ethereum (ETH) to buy SHIB with a transaction fee of $88.

Shiba Inu is the most hot selling token in the whale community since close to a month. In the last three weeks, individual whales purchased more than 20 billion SHIB coins each during the dip. SHIB takes the top spot in the leading ERC-20 tokens despite it dipping in price. Ethereum is the second most loved crypto among the whales.

Going by the latest whale trends, it looks like there could be something big on the cards for SHIB. Even Shytoshi Kusama had tweeted about an upcoming ”good news” this week.

WhaleStats was the first to dish out the large transaction and shared the wallet address of the whale. Details show that the whale could be a first-time SHIB investor and has no other holdings in the wallet.

Shiba Inu Getting Listed on Robinhood?

Whenever whales took entry position in Shiba Inu, the coin ended up getting listed on exchange platforms a month later. To make it sound clear, whales who picked up SHIB in June saw the coin getting listed on eToro in July.

In addition, whales who purchased SHIB in July saw it being listed on WeBull and Coinbase Pro in August. Similarly, whales who bought SHIB in August saw the coin getting listed on Binance and Coinbase in September.

Now that whales have indulged in mass buying the coin, there’s a possibility of an upcoming ”good news”. However, we will have to wait and watch for that as nothing is made official yet.

Shiba Inu at the time of publishing was trading at $0.00004286 and is down -4.18% in the days trade. Despite trading in red and down -50% from its ATH, Shiba Inu remains to be the most sought-after token in the market.