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HomeCrypto NewsMarketNew Wallet Swiftly Acquires 1,158,659,145,694 Shiba Inu, Holding Only SHIB and Nothing Else

New Wallet Swiftly Acquires 1,158,659,145,694 Shiba Inu, Holding Only SHIB and Nothing Else


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The newly-emerged Whale acquired $9.37 million worth of Shiba Inu (SHIB) following the relaunch of Shibarium Network.

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Etherscan.io data revealed that a newly born Whale bought 1,158,659,145,694 (1.15 trillion) SHIB, valued at $9,350,379 ($9.37 million), from an enigmatic wallet in one significant transaction. The colossal move occurred precisely at 03:10:11 PM +UTC on August 24.

A Brand New Whale Accumulated 1.15 Trillion SHIB
A Brand New Whale Accumulated 115 Trillion SHIB

This massive accumulation has catapulted the mysterious wallet to the 52nd spot among the largest Shiba Inu token holders globally.

The development comes shortly after another wallet acquired 708,416,119,061 (708.41 billion) Shiba Inu tokens worth $5,991,429 ($5.99 million) from Gemini, a New York-based cryptocurrency exchange.

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Current stats on this new wallet show that the address holds only Shiba Inu and no other coin.

New Wallet Holds only Shiba Inu
New Wallet Holds only Shiba Inu

The Whales’ interest in Shiba Inu revived following the relaunch of the Shibarium network. As reported earlier by The Crypto Basic, Shibarium has resumed full-scale block production following a brief hiatus triggered by an unanticipated influx of users.

Shibarium – Layer 2 Solution has gained significant traction within a few hours of launch. The latest data from Shibariumscan, the blockchain explorer of Shibarium, reveals that the network has processed 115,472 transactions and boasts 47,369 active wallet addresses.

Bone ShibaSwap (BONE), the native gas token of Shibarium, benefitted the most from Shibarium relaunch. The BONE price skyrockets 11% to $1.39 in the past 24 hours.

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The relaunch of Shibarium has led Shiba Inu to become the most talked-about token all across social media platforms. CoinMarketCap, the world’s leading crypto data aggregation platform, has recognized Shiba Inu as the top trending cryptocurrency in the past 24 hours.

In addition, Shiba Inu emerged as the top coin by weekly search popularity on KuCoin, the fifth biggest cryptocurrency exchange (in terms of trading volume).

However, Shiba Inu is still under mild bearish pressure. As of press time, SHIB is trading at $0.000008075, down -3.10% over the last day, with a 24-hour trading volume of $151,951,019 ($151.95 million).

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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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