What’s Happening? Whales are swallowing Shiba Inu at a rapid pace.
Interest in Shiba Inu (SHIB) revived, and Shiba Inu accumulation has no stopping. Another 3.37 Trillion SHIB, worth $37.46 Million, has been gobbled up by a nascent whale.
Whale Alert recently reported that a brand new Whale scooped up a whopping 3,377,867,790,724 (3.37T) SHIB, worth $37,460,553 ($37.46M) in one robust transaction.
— Whale Alert (@whale_alert) October 27, 2022
Etherscan.io confirms the balance of the new wallet.
This is recognized as the second biggest transaction of the day. As reported earlier by TheCryptoBasic, an anonymous wallet acquired an incredible 3,940,596,883,112 (3.94T), worth $43,188,941 ($43.18M) in two gigantic transactions.
In this way, a total of 7,318,464,673,836 (7.31T) SHIB, worth $80,649,494 ($80.64M) has been accumulated by Shiba Inu whales through two separate transactions within the past few hours.
The reason behind such inconceivable SHIB accumulation is unknown, but it signals some development behind the scenes. This can be the potential launch of the much-awaited Shibarium – Layer 2 launch or the start of a new bull run. However, only time will tell what has activated Shiba Inu Whales.
Moreover, Shiba Inu 24-hour volume is on the moon up by 102.79% to $710,664,376 ($710.66M). At press time, Shiba Inu is showing a change of 4.71% over the last day and is trading at the price of $0.00001077.