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).

sauce: whale statistics

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.

Don’t Miss a Beat – Subscribe to get encrypted email alerts delivered straight to your inbox

Price action confirmation

Please follow us twitter, Facebook and telegram

Surf The Daily Hodl Mix

Check out the latest news headlines


Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Dukenod/WindAwake

Leave a Reply

Your email address will not be published. Required fields are marked *