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HomeCrypto NewsMarketMysterious Investor Grabs 708 Billion Shiba Inu From Gemini

Mysterious Investor Grabs 708 Billion Shiba Inu From Gemini


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Mysterious Whale added $6 million worth of Shiba Inu (SHIB) to her portfolio in the past 24 hours.

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Whale Alert, a leading blockchain tracking platform, revealed that the enigmatic Whale purchased 708,416,119,061 (708.41 billion) Shiba Inu tokens, valued at $5,991,429 ($5.99 million) from Gemini, a New York-based cryptocurrency exchange. Per Etherscan.io data, the massive accumulation occurred via a single transaction executed about 14 hours ago from press time.

The development comes days after the 25th biggest SHIB holder added 4,669,778,173,637 (4.66 trillion) SHIB, worth $38,707,791 ($38.70 million) to her portfolio in one transaction.

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The top Shiba Inu investors collectively accumulated a staggering 5,378,194,292,698 (5.37 trillion) SHIB, worth $44,699,220 ($44.69 million), through two individual transactions in the past seven days.

Shiba Inu is gathering significant attention from investors and exchanges worldwide following the launch of the much-awaited Shibarium – Layer 2 solution. CoinMarketCap, the world’s leading crypto data aggregation platform, currently ranks Shiba Inu token as the third most trending cryptocurrency globally. It follows closely behind CyberConnect (CYBER) and Bitcoin (BTC).

SHIB Trending on CoinMarketCap
SHIB Trending on CoinMarketCap

As reported earlier by The Crypto Basic, Bitget, a Seychelles-based cryptocurrency exchange, has also highlighted the soaring interest in SHIB via Google Trends.

In addition, WazirX, India’s premier crypto trading platform, has recognized Shiba Inu as the fifth most traded cryptocurrency on their exchange for July. This places SHIB alongside top players such as Tether (USDT), Bitcoin, Ripple (XRP), and WazirX (WRX).

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Furthermore, Shiba Inu’s mainstream adoption received a monumental push as Binance introduced its crypto payment service, Binance Pay, in Brazil, forging partnerships with a few partners, including WordPress. This move enables merchants across Brazil to accept SHIB as a payment method.

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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.



Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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