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Shiba Inu Whale Gobbles Up 171B SHIB in 4 Massive Transactions
In the world of cryptocurrency, whales refer to individuals or entities that own a significant amount of a particular digital asset. These whales have the potential to influence the market’s direction with their buying or selling activity. Recently, a Shiba Inu whale has caught the attention of the crypto community after gobbling up a staggering 171.68 billion SHIB through four massive transactions. In this article, we will discuss what happened and what it means for the Shiba Inu community.
The Buying Spree: A Closer Look
On Thursday, a buying spree kicked off with a purchase of 38.83 billion SHIB, worth $426,407, from the Binance-associated wallet “Binance 14,” according to Etherscan.io. This transaction alone was significant, as it represented a considerable amount of SHIB tokens. However, the whale did not stop there and made additional purchases minutes later. This time, the whale acquired 10.75 billion SHIB from an unknown wallet.
The buying frenzy continued, with the whale purchasing an additional 40.1 billion SHIB for $440,398. This purchase was significant as it brought the whale’s total SHIB holdings to over 5 trillion. But the whale was not done yet. In the fourth and final transaction, the whale acquired a whopping 92.72 billion SHIB, worth an estimated…
