Whale Buys $200 Million Shiba Inu SHIB

Lutfi

Whale Buys 200 Million Shiba Inu SHIB
Whale Buys 200 Million Shiba Inu SHIB

Rancakmedia.com – Recovery efforts trying to build various crypto assets have been followed by the Shiba Inu meme token SHIB, which has attracted large investors (whales) to acquire it.

Some whale investors have reportedly purchased SHIB tokens for $300 million. The positive mood towards Bitcoin as well as SHIB allowed the price to grow very dramatically.

As of press time, Shib was at $0,00003532, up 6,4 percent in 24 hours according to Coinecko.

In addition to the bullish feeling among retail traders, whales also started buying more Shiba Inu SHIB than the previous week.

Massive buying has begun with eight trillion Shiba Inu token purchases made by unknown whales amid a 5 percent price increase. Price activity in the market may have started with the "help" of whales.

Has a Total Net Worth of $290 Million

With SHIB displaying a profitable performance in the cryptocurrency market, traders can now anticipate higher profits from a token that has seen a price increase.

WhaleStats data shows that in less than a week, traders and investors at the whale level have purchased $134 million worth of tokens.

Currently, whales own 26,24 percent of Shiba Inu SHIB and the second largest tokens are Mana (15,27 percent) and Gala (6,71 percent). (6,71 percent).

Has a Total Net Worth of $290 Million

With the surge in purchasing power and the overall revival of the mood in the cryptocurrency market, Shiba Inu continues its expansion with a slight slowdown in price movements.

But even though the market responded well to the whales' buying, overall volatility in assets did not approach October levels. Previously, whales named Jiraiya also bought 1,67 trillion Shiba Inu SHIB coins.

Apparently, the Shiba Army is very strong in accumulating these assets even if many famous people or prominent traders regularly drop the meme currency.

Of course, the strong fundamentals of the idea and investor expectations are one of the strong drivers for the long-term price outlook, especially as Shiba Inu is said to be introducing its own layer 2 network, Shibarium, and blockchain gaming using NFTs.

This is a strong element of Shiba Inu for 2022, therefore investors are still following every development closely.

Conclusion:

Meme token Shiba Inu (SHIB) has attracted large investors (whales) to acquire it. Some whale investors have reportedly purchased SHIB tokens for $300 million.

Price activity in the market may have started with the "help" of whales. With Shiba Inu SHIB displaying a profitable performance in the cryptocurrency market, traders can now anticipate higher profits from a token that has seen a price increase.

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Lutfi

Hi, let me introduce myself, Lutfi Hulasoh, I am a writer and techno blogger. I started creating a personal blog writing informative articles about the latest trends and developments in technology. My writing covers a wide range of topics, from mobile applications to artificial intelligence, and I can also provide easy-to-understand explanations to help readers understand complex concepts.