Find here The Sudden Massive Shiba Inu Transaction by Crypto Whale
- Recently, a massive crypto transaction by Shiba Inu was noted by a crypto whale.
- In the transaction, 3,388,119,787,804 SHIB worth approximately $34 million was transferred from unknown wallet to unknown wallet.
The most advanced blockchain tracking and analysis system, Whale Alert, a valuable crypto investor transferred a huge amount of meme coin, Shiba Inu (SHIB) in a single transaction.
The data obtained from whale research platform Whale Alert, the deep-pocketed investor quickly and without warning moved 3,388,119,787,804 SHIB worth approximately $34 million from one unknown wallet to another.
According to the analysis of the blockchain search engine, Etherscan, the send wallet was completely abandoned as it no longer has any funds or digital assets. On the other hand, the recipient wallet, which was empty before, now had the SHIB value for millions of dollars sent.
Etherscan data also showed that the 50th richest Shiba Inu Whale contributed an incredible 125.34 billion SHIB, worth around $1.32 million, in two separate transactions.
After that, Whale added 63.60 billion SHIB, or $673,537, to its wallet, increasing the number of Shiba Inu it owned. In addition, the seventh largest Shiba Inu whale appeared and made a significant purchase of 131.63 billion SHIB, or approx. 1.39 million dollars. And the famous Shiba Inu Whale now has 15.44 trillion SHIB (about $163.51 million) in his wallet. The world’s second-largest dog-themed cryptocurrency by market capitalization fell below a critical support level, sparking renewed interest in SHIB.
However, after the huge accumulation of whales, the price of SHIB/USD quickly recovered.
Going forward, on October 19, Shiba Inu attempted to break the significant support level of $0.0000094 on the four-hour chart. Fortunately, it failed, as two anonymous, wealthy Shiba Inu buyers invested a staggering $2.72 million in three significant transactions to purchase 256.98 billion SHIB.
In addition, the meme token, SHIB has seen an increase in its use cases, since on October 11, 2022, Coinbase announced its partnership with Google Cloud to accelerate web3 adoption and innovation. This partnership will see Shiba Inu alongside ashes of other altcoins that will be accepted by Google Cloud.
SHIB Price analysis
The graph above shows the last seven days price performance of the Shiba Inu. At the time of writing, Shiba Inu is trading at $0.000010 with a 24-hour trading volume of $166.31 million. Shiba Inu is down 2.83% in the last 24 hours. Its current CoinMarketCap ranking is #15, with a live market cap of $5.36 billion USD.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while graduating. A keen observer of detail, he shares his passion for writing alongside being a developer. His backend knowledge of blockchain helps him bring a unique perspective to his writing
