The enigmatic new Whale acquires $18.80 million worth of SHIB in one transaction.
Etherscan.io data reveals that a new SHIB Whale has surfaced, making a massive purchase of 2,416,836,656,676 (2.41 trillion) SHIB, valued at $18,802,989 ($18.80 million) from a Binance-associated wallet, tagged Binance US 2. The accumulation took place about 10 hours ago in a single transaction.
This massive purchase propelled the new Whale to become the 34th biggest SHIB holder.
Whale Alert first highlighted the transaction.
— Whale Alert (@whale_alert) July 19, 2023
This marks the birth of the second new SHIB whale in the past 72 hours.
On Wednesday, July 18th, a Whale emerged and acquired 4,151,743,838,561 (4.15 trillion) SHIB, worth $32,176,014 ($32.17 million) in a single transaction.
The top SHIB Whales have collectively purchased 6,568,580,495,237 (6.56 trillion) SHIB tokens, valued at $50,979,003 ($50.97 million) over the past three days.
The rise of SHIB Whales can be attributed to the excitement surrounding the upcoming launch of the Shibarium Mainnet, which is scheduled for August 15th and 16th at the Blockchain Futurist Conference.
The Shiba Inu development team leaves no stone unturned to keep the momentum going. They have promised strategic releases and updates to boost interest and confidence in the project. Recently, they revamped the official SHIB token website to include more project details, highlighting official partners and ecosystem projects. In addition, the Shiba Inu team has closed the intake form submissions for the much-awaited Shibarium – Layer 2 solution.
It’s not just the Whales showing their interest in Shiba Inu; retail traders are also jumping on board. Santiment, a reputable market intelligence platform, reports a significant surge in new daily addresses created for Shiba Inu, with over 2,500 addresses generated daily over the past weeks.