A mysterious and unidentified Shiba Inu whale has moved 40 trillion SHIB coins to four different wallet addresses. The estimated price of the 40.04 trillion tokens at present stands at $2.76 billion. The coins were moved to wallets with no history of token transfers.
The investor was recently in the news after SHIB spiked up +900% in October, 2021. The investor had purchased the coins in August 2020 for $8,000 and 14 months later saw generational wealth. The $8,000 investment turned to $5 billion and the investor is now discreetly moving the coins to four different wallets.
Each transfer was $600 million and 10 trillion tokens. During the transfer, SHIB was trading at $0.000069. Right after the whale moved the coin to four different wallets, the price of Shiba Inu saw a slight dip. SHIB slipped -1.91% in the days trade after the transfers.
Data on Etherscan.io shows that the investor has also purchased Dinger Token, Bean, Umi Token among others. In the list of ERC20 transactions, the investor has also traded on Leash.
Whales Take Entry Position in Shiba Inu
Whales have again started taking early entry position in Shiba Inu. A mysterious and unidentified whale purchased a staggering $750 million worth SHIB coins. The whale brought the coins religiously seven times in a span of 10 days. However, the identify of the whale remains to be a mystery.
Considering the sheer volume of the purchase, the whale could be a billionaire entrepreneur, business entity or a financial establishment.
Also, just yesterday, another whale took an early entry position in SHIB by purchasing 153 billion coins worth $11 million. The whale in question brought the large bag just a day before Kraken listed SHIB.
The buzz and hype surrounding the meme-currency has reached feverous pitch and everyone are taking notice of it. The coin attracted large retail investors who believe that it could deliver them the desired fortunes.
Shiba Inu is attractive as the coin is available for less than a Cent and is affordable to millennials. In addition, the ‘fear of missing out’ has also contributed to the rush in hysterical buying of Shiba Inu tokens.
Rumours that Robinhood would list SHIB is all over social media and investors are buying tokens in the hopes of a listing. However, Robinhood is yet to confirm getting SHIB on board.
Shiba Inu at the time of publishing was trading at $0.00006691 and is down -6.15% in the 24-hours day trade.