Massive Shiba Inu Whale Rapidly Accumulates 50,000,000,000 SHIB As Dogecoin Rival Rallies

One of the largest Shiba Inu (SHIB) holders in existence has just switched to accumulation mode.

About 10 days ago, when the bitcoin and cryptocurrency markets began a significant decline, whales let go 70,000,000,000 SHIB is worth $956,200.

Now, the cryptocurrency giant seems ready to jump back into the market.

About 24 hours ago, whale Added 50,000,000,000 SHIB worth $683,500 in your wallet. Since that move, SHIB has risen 8.1% to his current price of $0.00001367.

At the time of publication, the whale holds a staggering 13,738,398,731,474 SHIB worth approximately $187.6 million.

According to crypto whale aggregator WhaleStats, Shiba Inu is currently the third largest altcoin holding among Ethereum whales, behind USD Coin (USDC) and Tether (USDT).

SHIB surged in 2023 with plans to launch Shibarium, a Layer 2 network designed to make SHIB transactions more efficient and allow users to create custom tokens similar to Polygon (MATIC).

SHIB started the year at $.00000814 and is currently priced at $0.00001367 while the altcoin is up 67%.

Despite the significant rise, SHIB remains 84% below its all-time high of $0.00008616 issued on October 28, 2021.

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Featured Image: Shutterstock/Dukenod/WindAwake