Another Crypto Whale Invests 99 Billion In Shiba Inu - Something Is Coming!!

Another Crypto Whale Invests 99 Billion In Shiba Inu - Something Is Coming!!

2021-12-11 | Daniel Smith

Another Crypto Whale Invests 99 Billion In Shiba Inu - Something Is Coming!!

Ethereum whale "Jiraiya" "has just purchased 99 billion Shiba Inu tokens worth $3,560,960. Shiba Inu amassing by whales persists despite the recent flat movement in the SHIB price. As per WhaleStats, the Ethereum whale "Jiraiya," participated in two major trades "99 billion SHIB tokens, or almost $3.65 million, were collected by the 17th largest of the 1,000 ETH wallets monitored. The trades took place at the same time and were confirmed on the blockchain around 20 hours prior. "Jiraiya" spent $1,847,289 on 49,999,041,461 SHIB, backed by 48,999,041,461 SHIB totaling $1,810,343. During the consolidation stage of a market cycle, prices drop and contrarian traders see a chance to step in and grab good bargains. This is still true for Shiba Inu.

SHIB Price Movement

shib

SHIB/USD 1 DAY PRICE CHART: SOURCE- COINMARKETCAP.COM

Shiba Inu's market valuation has plunged and dropped off of the leading ten cryptos, but whales and dip purchasers are soothing the seas and enabling the meme token to recover in a quasi-manner. With a 24-hour trading activity of $1,169,504,576, SHIBA INU's price movement has encountered significant purchasing activity at recent lows at $0.00003425, where substantial assistance from the daily chart maintains the upswing alive.

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