One of the largest SHIB wallets has emerged from the slumber.
The Shiba Inu wallet that turned $8,000 into $5.7 billion is active according to data from Etherscan.
For the first time since April 2020, this whale has shifted SHIB funds, causing concerns as selling pressure on SHIB might increase.
The Shiba Inu billionaire has so far transferred around 10 trillion SHIB tokens that are worth about $2.7 billion to four empty addresses.
The wallet that is in question holds about 13 percent of Shiba Inu’s total circulating supply.
The investor began buying SHIB tokens in April 2020 and turned it into a multi-billion-dollar fortune in only 19 months.
Many speculated that the dormant address was not accessible, because tokens were not moved despite huge gains. However, recent transfers prove the speculation was not correct.
Shiba Inu soared 825 percent in October and has caught the attention of many investors. This week, it managed to surpass the rival Dogecoin in market capitalization and reached a new all-time high of $0.00008616 on the 28th of October.
Read More On SHIB:
- Shiba Inu is Now 5th Most Called Smart Contract On Ethereum Surpassing USDC, Uniswap V3 And 7th Largest Gas Burner On ETH
- Kraken Is Going To List Shiba Inu
- World’s Largest Theater Chain, AMC CEO Takes Poll On Twitter: “Should AMC Accept SHIB?”
- Sushi Restaurant in Paraguay Capital Offers 30% Discount If You Buy Sushi With SHIB
- Shiba Inu Surpasses Dogecoin For The First Time Ever
- DOGE Lost Its 9th Position & Slips to 10th By Means of Market Cap, Is DOGE Going to Dump and SHIB Going to Pump?
- Shiba Inu Market Cap Is Now More Than Nissan and LG Electronics
- Crypto Whale Buys 277 Billion SHIB Tokens as Shiba Inu Makes New All-Time High of 0.00005451
- SHIB Community Has Got Itself A New Powerful Member, Candidate for US Senate 2022 Shannon Bray
- Argentine Real Estate Agency Now Accept Shiba Inu
- New York-Based Online Brokerage Listed Shiba Inu
- Shiba Inu Now Available At 4000 ATMs Across US And Brazil
- Petition Surpasses 250,000 Signatures to List Shiba Inu on Robinhood
- India’s Oldest Cryptocurrency Exchange Zebpay List Shiba Inu
- SHIB Becomes Most Discussed Crypto On Twitter As SHIB Gets More Mentions Than Bitcoin, Ethereum, And DOGE On Twitter
- CoinGecko Data Shows SHIB Becomes Top 11 Coin, Just Behind DOGE At Number 10
- As SHIB Becomes Crypto Of The Week, How Far Will SHIB Go?
- Crypto Whales Purchasing Large Amounts Of Shiba Inu, As Single Anonymous Whale Bought 6 Trillion SHIB
- Shiba Inu Becomes The 15th Most Valuable Crypto
- Shib Becomes Most-Traded Crypto on Coinbase
- Shiba Inu Futures Trading Volume Up 78x in Seven Days
- Shiba Inu Took 14 Months To Hit A Market Value Of $12 Billion, It Took Dogecoin 6 Times As Long To Reach That Milestone
- SHIB Hits 1 Million Followers On Twitter
- Shiba Inu Is Now Fifth Most Traded Crypto
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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