{"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 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 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>\nA History Of Accumulation<\/span><\/h2>\n
Impact On The SHIB Market<\/span><\/h2>\n