{"id":548261,"date":"2023-08-21T20:30:32","date_gmt":"2023-08-21T20:30:32","guid":{"rendered":"https:\/\/wncen.com\/?p=548261"},"modified":"2024-06-11T07:52:16","modified_gmt":"2024-06-11T07:52:16","slug":"whale-purchases-shib-rebound-on-the-horizon","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/whale-purchases-shib-rebound-on-the-horizon\/","title":{"rendered":"Whale Purchases $38 Million Worth Of SHIB, A Rebound On The Horizon?"},"content":{"rendered":"
Shiba Inu (SHIB) token has witnessed high-value transactions again, leading to intrigue among its community. As significant amounts of SHIB change hands, many wonder if these moves signal a forthcoming positive shift in its market position or a rebound, as the asset is currently in a downtrend.<\/span><\/p>\n Whale Alert, a renowned blockchain tracking platform, disclosed<\/a> that a\u00a0transaction of 4.65 trillion SHIB tokens, equating to approximately $38.39 million, moved from Bitvavo to an unidentified wallet.<\/span><\/p>\n \ud83d\udea8 \ud83d\udea8 4,653,778,173,637 #SHIB<\/a> (38,391,343 USD) transferred from #Bitvavo<\/a> to unknown wallethttps:\/\/t.co\/KFZzJIvU5q<\/a><\/p>\n \u2014 Whale Alert (@whale_alert) August 21, 2023<\/a><\/p><\/blockquote>\n It’s worth noting that this isn\u2019t an isolated event. A similar transaction occurred<\/a> just a day prior, where an almost equivalent amount of 4.6 trillion SHIB tokens (around $38.70 million) was transferred from one undisclosed wallet to another.<\/span><\/p>\n \ud83d\udea8 \ud83d\udea8 4,669,778,173,637 #SHIB<\/a> (38,707,791 USD) transferred from unknown wallet to unknown wallethttps:\/\/t.co\/c6LPXZFq2h<\/a><\/p>\n \u2014 Whale Alert (@whale_alert) August 20, 2023<\/a><\/p><\/blockquote>\n These high-value transfers correlate with the start of Shibarium, the Ethereum-based layer-2 blockchain, which has been the cause of a spike in SHIB transactions. The surging activity, especially after introducing the Shibarium blockchain<\/a>, naturally raised eyebrows within the Shiba Inu community.<\/span><\/p>\n\n
High-Value Transactions Coincide With Shibarium\u2019s Developments<\/span><\/h2>\n
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