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Tuesday, July 16, 2024

SHIB Whale Buys 6.3 Trillion Shiba Inu Tokens to Boost Price

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An anonymous crypto buyer brought  6.3 trillion SHIB coins   over two days. The whale began his spree on October 1 when he went ahead and bought a mammoth 6 trillion SHIB coins worth around $43,838,900 . The whale then went ahead and bought another 116 billion coins the next day, followed by two more transactions of 159 billion coins and another 1 billion coins, the last three transactions happening in a span of a few hours.

The total amount of SHIB coins purchased by the anonymous whale on Saturday, October 2 on its own summed up to 276 billion.

Shiba Inu  launched in August 2020, was introduced to leverage the popularity of Dogecoin, ( the most popular meme coin ) which had countless investors rushing into the cryptocurrency space.

SHIB was released on eToro – a global social trading platform based out of Israel – in late June and since then, the memecoin has witnessed listings on CoinBase Pro and WeBull at the start of August, all spurred on by whales buying billions of coins. September was similar, resulting in SHIB making it to Binance’s portfolio too.

The crypto community see this memecoin as the  ‘Doge-killer’ has quite a following on Social media too. with close to a million followers on Twitter. Fans now believe that a launch on RobinHood could be imminent.

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