{"id":537686,"date":"2023-06-13T18:00:02","date_gmt":"2023-06-13T18:00:02","guid":{"rendered":"https:\/\/wncen.com\/?p=537686"},"modified":"2024-06-11T07:52:11","modified_gmt":"2024-06-11T07:52:11","slug":"whale-accumulates-1-5-trillion-shib-sparking-surge","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/whale-accumulates-1-5-trillion-shib-sparking-surge\/","title":{"rendered":"Crypto Frenzy: Whale Accumulates 1.5 Trillion SHIB, Sparking Surge In Price"},"content":{"rendered":"

The bustling realm of cryptocurrencies is abuzz with a major development centered around Shiba Inu (SHIB). This news broke as Lookonchain, an on-chain analyst platform, reported<\/a>\u00a0a transaction involving a significant accumulation of Shiba Inu tokens by a major holder. <\/span><\/p>\n

This transaction took place on notable exchanges such as Binance<\/a> and Coinbase and has made waves in the crypto community.<\/span><\/p>\n

According to Lookonchain’s data, a SHIB holder, identifiable by the address “0x40B3,” has recently added a colossal 1.5 trillion SHIB tokens to their portfolio. At current market rates, this acquisition equates to approximately $10 million.<\/span><\/p>\n

A History Of Accumulation<\/span><\/h2>\n

Notably, this particular holder, “0x40B3,” has a history of substantial SHIB purchases<\/a>. The holder had previously acquired 5.3 trillion Shiba Inu tokens, translating to around $35.5 million. On May 16, “0x40B3” made a transfer of 20 trillion SHIB tokens to another address, “0x73AF,” amounting to roughly $134.4 million.<\/span><\/p>\n

Related Reading: Shiba Inu (SHIB) Price At The Most Crucial Point In Its History?<\/a><\/p>\n

Owing to these sizable transactions, “0x40B3” has garnered attention within the crypto ecosystem. The scale of their holdings, rendering them the largest nonexchange holder of Shiba Inu, emphasizes their influence on the SHIB market<\/a>.<\/span><\/p>\n

Impact On The SHIB Market<\/span><\/h2>\n

The acquisition of the recent 1.5 trillion SHIB tokens by “0x40B3” had an immediate effect on the SHIB price. In just 15 minutes following the acquisition, the price of Shiba Inu surged over 1.5%. This brief window of time encapsulated the influence wielded by “whales,” or large-scale investors, over the price volatility in the cryptocurrency markets.<\/span><\/p>\n

Moreover, the SHIB price<\/a> appears to be on a recovery path, with an uptick of nearly 25% since its recent low of $0.00000591 last Saturday. This rebound illustrates the dynamism of the cryptocurrency market and the significant role large investors play in shaping it.<\/span><\/p>\n

Meanwhile, Shiba Inu has shown a continuous uptick in the past 24 hours. SHIB which is one of the largest meme coins by market capitalization has recorded a brewing rally up by 3% in the past 24 hours.<\/p>\n

\"Shiba
Shiba Inu (SHIB) price is moving sideways on the 4-hour chart. Source: SHIB\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

At the time of writing, Shiba Inu currently trades at $0.00000678<\/span> after trading below $0.00000600<\/span>\u00a0on Tuesday. Interestingly, despite the current uptick, SHIB’s trading volume has plunged a bit from $185 million this time last week to $104 million in the past 24 hours.<\/p>\n

However, the meme coin’s market capitalization has seen a more than $700 million loss in the past 7 days. SHIB’s market cap has plunged from $4.7 billion last Tuesday to $3.9 billion as of today.<\/p>\n

Related Reading: Shiba Inu (SHIB) Price Could Soar To Major Highs Soon, Here\u2019s Why<\/a><\/div>\n

In other news, the upcoming launch of Shibarium has cast a cloud of uncertainty<\/a> over the Shiba Inu community due to some recent developments. Initially, LucieSHIB, a well-known advocate for Shiba Inu, set expectations for the launch of the eagerly awaited Shibarium mainnet, suggesting a timeframe between the second and third quarters of 2023.<\/p>\n

Nonetheless, according to recent posts<\/a> from the same individual, the launch might experience a postponement from its initial projected timeline, causing a wave of speculation among market participants and aficionados.”<\/p>\n

Featured image from Shutterstock, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

The bustling realm of cryptocurrencies is abuzz with a major development centered around Shiba Inu (SHIB). This news broke as Lookonchain, an on-chain analyst platform, reported\u00a0a transaction involving a significant accumulation of Shiba Inu tokens by a major holder. This transaction took place on notable exchanges such as Binance and Coinbase and has made waves in the crypto community. According to Lookonchain’s data, a SHIB holder, identifiable by the address “0x40B3,” has recently added a colossal 1.5 trillion SHIB tokens to their portfolio. At current market rates, this acquisition equates to approximately $10 million. A History Of Accumulation Notably, this particular holder, “0x40B3,” has a history of substantial SHIB purchases. The holder had previously acquired 5.3 trillion Shiba Inu tokens, translating to around $35.5 million. On May 16, “0x40B3” made a transfer of 20 trillion SHIB tokens to another address, “0x73AF,” amounting to roughly $134.4 million. Related Reading: Shiba Inu (SHIB) Price At The Most Crucial Point In Its History? Owing to these sizable transactions, “0x40B3” has garnered attention within the crypto ecosystem. The scale of their holdings, rendering them the largest nonexchange holder of Shiba Inu, emphasizes their influence on the SHIB market. Impact On The SHIB Market The acquisition of the recent 1.5 trillion SHIB tokens by “0x40B3” had an immediate effect on the SHIB price. In just 15 minutes following the acquisition, the price of Shiba Inu surged over 1.5%. This brief window of time encapsulated the influence wielded by “whales,” or large-scale investors, over the price volatility in the cryptocurrency markets. Moreover, the SHIB price appears to be on a recovery path, with an uptick of nearly 25% since its recent low of $0.00000591 last Saturday. This rebound illustrates the dynamism of the cryptocurrency market and the significant role large investors play in shaping it. Meanwhile, Shiba Inu has shown a continuous uptick in the past 24 hours. SHIB which is one of the largest meme coins by market capitalization has recorded a brewing rally up by 3% in the past 24 hours. At the time of writing, Shiba Inu currently trades at $0.00000678 after trading below $0.00000600\u00a0on Tuesday. Interestingly, despite the current uptick, SHIB’s trading volume has plunged a bit from $185 million this time last week to $104 million in the past 24 hours. However, the meme coin’s market capitalization has seen a more than $700 million loss in the past 7 days. SHIB’s market cap has plunged from $4.7 billion last Tuesday to $3.9 billion as of today. Related Reading: Shiba Inu (SHIB) Price Could Soar To Major Highs Soon, Here\u2019s Why In other news, the upcoming launch of Shibarium has cast a cloud of uncertainty over the Shiba Inu community due to some recent developments. Initially, LucieSHIB, a well-known advocate for Shiba Inu, set expectations for the launch of the eagerly awaited Shibarium mainnet, suggesting a timeframe between the second and third quarters of 2023. Nonetheless, according to recent posts from the same individual, the launch might experience a postponement from its initial projected timeline, causing a wave of speculation among market participants and aficionados.” Featured image from Shutterstock, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":515212,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[142,83668,83667,84558],"class_list":["post-537686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-altcoins","tag-shib","tag-shiba-inu","tag-shibusdt"],"acf":[],"yoast_head":"\nCrypto Frenzy: Whale Accumulates 1.5 Trillion SHIB, Sparking Surge In Price<\/title>\n<meta name=\"description\" content=\"The bustling realm of cryptocurrencies is abuzz with a major development centered around Shiba Inu (SHIB). 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Frenzy: Whale Accumulates 1.5 Trillion SHIB, Sparking Surge In Price","url":"http:\/\/wncen.com\/news\/shiba-inu-coin\/whale-accumulates-1-5-trillion-shib-sparking-surge\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/shiba-inu-coin\/whale-accumulates-1-5-trillion-shib-sparking-surge\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?fit=350%2C250"},"articleSection":"Shiba Inu Coin","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","shib","shiba inu","shibusdt"],"dateCreated":"2023-06-13T18:00:02Z","datePublished":"2023-06-13T18:00:02Z","dateModified":"2024-06-11T07:52:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Frenzy: Whale Accumulates 1.5 Trillion SHIB, Sparking Surge In Price\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/whale-accumulates-1-5-trillion-shib-sparking-surge\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/shiba-inu-coin\\\/whale-accumulates-1-5-trillion-shib-sparking-surge\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/SHIB-Shibarium.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/SHIB-Shibarium.jpg?fit=350%2C250\"},\"articleSection\":\"Shiba Inu Coin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"shib\",\"shiba inu\",\"shibusdt\"],\"dateCreated\":\"2023-06-13T18:00:02Z\",\"datePublished\":\"2023-06-13T18:00:02Z\",\"dateModified\":\"2024-06-11T07:52:11Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/SHIB-Shibarium.jpg?fit=350%2C250","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/537686"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=537686"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/537686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/515212"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=537686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=537686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=537686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}