{"id":611793,"date":"2024-06-06T17:30:26","date_gmt":"2024-06-06T17:30:26","guid":{"rendered":"https:\/\/wncen.com\/?p=611793"},"modified":"2024-06-11T06:45:40","modified_gmt":"2024-06-11T06:45:40","slug":"shiba-inu-whale-715-billion-shib","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-whale-715-billion-shib\/","title":{"rendered":"Shiba Inu Whale Enter Buying Frenzy, 715 Billion SHIB Snapped Up In Days"},"content":{"rendered":"

Recent price action has seen <\/span>Shiba Inu bouncing off<\/span><\/a> major price support at $0.00002379 after what might be propelled by an interesting movement from the whales. According to on-chain data, a particular SHIB trading expert is buying SHIB in massive amounts. This trader, known for making bank on Shiba Inu in its early days, now seems to be positioning for what could be a looming bull run for the meme coin.<\/span><\/p>\n

Shiba Inu Whales Enter Buying Frenzy<\/h2>\n

Shiba Inu<\/span> is home to a lot of crypto whales whose buying and selling patterns could influence other traders. As noted by on-chain analytics company Lookonchain, some whale wallets have been scooping up SHIB tokens massively in the past 24 hours. Amidst this accumulation trend is a particular purchase from a successful SHIB investor. According to Lookonchain, this investor has been buying SHIB crazily, spending 4,849 ETH worth $18.44 million to buy 715.9 billion SHIB tokens in less than six hours.<\/span><\/p>\n

Shiba Inu’s overnight shot to popularity among meme coin traders made many of its early investors crypto millionaires overnight. This trader, in particular, made more than $120 million in profit in the early days of SHIB by buying $400,000 worth of SHIB and selling for $121 million over two peaks in 2021.\u00a0<\/span><\/p>\n

\n

A $SHIB<\/a> super big winner is buying $SHIB<\/a> crazily, spending 4,849 $ETH<\/a>($18.44M) to buy 715.9B $SHIB<\/a> in the past 6 hours.<\/p>\n

This guy spent only ~$400K to buy 5.5T $SHIB<\/a> in the early stage and sold for ~$121M at 2 peaks.<\/p>\n

He made more than $120M on $SHIB<\/a> before, an amazing gain!\ud83d\ude31\u2026 pic.twitter.com\/iREp5jfj75<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) June 5, 2024<\/a><\/p><\/blockquote>\n

Interestingly, the purchases weren’t carried out in a single act, as Lookonchain noted they were made across three addresses. A closer look into <\/span>etherscan data<\/span><\/a> shows that the purchases were made in multiple transactions in each wallet, with respective balances now totaling 323 billion, 352 billion, and 234 billion SHIB tokens at the time of writing.\u00a0\u00a0<\/span><\/p>\n

What\u2019s Next For SHIB?<\/h2>\n

The peculiarity of the transfer, coupled with the investor’s successful run with SHIB, has caused many traders to speculate whether this could be an insider or probably one of Shiba Inu’s early team members. On the other hand, the whale’s buying pattern is a much-needed catalyst for an increase in buying pressure amidst a major decline in the <\/span>SHIB burn rate<\/span><\/a>.\u00a0<\/span><\/p>\n

Related Reading: Popular Analyst Predicts Dogecoin Will Outperform Bitcoin As Market Enters Meme Coin Super Cycle<\/a><\/div>\n

In another social media post, Lookonchain revealed that nine wallets have spent $35.2 million to buy 1.356 trillion SHIB tokens at an average price of $0.00002596 in 12 hours. A positive price movement is generally enjoyed by SHIB <\/span>when whales are accumulating<\/span><\/a> from exchanges.\u00a0<\/span><\/p>\n

\n

What a crazy buy!<\/p>\n

9 wallets(2 whales) spent $35.2M to buy 1.356T $SHIB<\/a> at an average price of $0.00002596 in the past 12 hours!<\/p>\n

Address:
\n0xFB67EF6fE609edAb1e0595e6815634E8E4db9cF7
\n0xb2f1956eAE0817dB73C4D542A4861eE485B7e7c6
\n0x607C26c976272459A0896065E03a9b70C0Ef04B5\u2026 pic.twitter.com\/yfSUyFSLQy<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) June 5, 2024<\/a><\/p><\/blockquote>\n

SHIB, on the other hand, has had an interesting price action in the past 30 days. After reaching a bottom of $0.00002167 on May 13, SHIBB went on a 32% increase to reach $0.0000287 on May 29 before reversing again to <\/span>bounce off<\/span><\/a> a support at $0.00002379.<\/span><\/p>\n

\"Shiba
SHIB price drops after recovery | Source: SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Recent price action has seen Shiba Inu bouncing off major price support at $0.00002379 after what might be propelled by an interesting movement from the whales. According to on-chain data, a particular SHIB trading expert is buying SHIB in massive amounts. This trader, known for making bank on Shiba Inu in its early days, now seems to be positioning for what could be a looming bull run for the meme coin. Shiba Inu Whales Enter Buying Frenzy Shiba Inu is home to a lot of crypto whales whose buying and selling patterns could influence other traders. As noted by on-chain analytics company Lookonchain, some whale wallets have been scooping up SHIB tokens massively in the past 24 hours. Amidst this accumulation trend is a particular purchase from a successful SHIB investor. According to Lookonchain, this investor has been buying SHIB crazily, spending 4,849 ETH worth $18.44 million to buy 715.9 billion SHIB tokens in less than six hours. Shiba Inu’s overnight shot to popularity among meme coin traders made many of its early investors crypto millionaires overnight. This trader, in particular, made more than $120 million in profit in the early days of SHIB by buying $400,000 worth of SHIB and selling for $121 million over two peaks in 2021.\u00a0 A $SHIB super big winner is buying $SHIB crazily, spending 4,849 $ETH($18.44M) to buy 715.9B $SHIB in the past 6 hours. This guy spent only ~$400K to buy 5.5T $SHIB in the early stage and sold for ~$121M at 2 peaks. He made more than $120M on $SHIB before, an amazing gain!\ud83d\ude31\u2026 pic.twitter.com\/iREp5jfj75 \u2014 Lookonchain (@lookonchain) June 5, 2024 Interestingly, the purchases weren’t carried out in a single act, as Lookonchain noted they were made across three addresses. A closer look into etherscan data shows that the purchases were made in multiple transactions in each wallet, with respective balances now totaling 323 billion, 352 billion, and 234 billion SHIB tokens at the time of writing.\u00a0\u00a0 What\u2019s Next For SHIB? The peculiarity of the transfer, coupled with the investor’s successful run with SHIB, has caused many traders to speculate whether this could be an insider or probably one of Shiba Inu’s early team members. On the other hand, the whale’s buying pattern is a much-needed catalyst for an increase in buying pressure amidst a major decline in the SHIB burn rate.\u00a0 Related Reading: Popular Analyst Predicts Dogecoin Will Outperform Bitcoin As Market Enters Meme Coin Super Cycle In another social media post, Lookonchain revealed that nine wallets have spent $35.2 million to buy 1.356 trillion SHIB tokens at an average price of $0.00002596 in 12 hours. A positive price movement is generally enjoyed by SHIB when whales are accumulating from exchanges.\u00a0 What a crazy buy! 9 wallets(2 whales) spent $35.2M to buy 1.356T $SHIB at an average price of $0.00002596 in the past 12 hours! Address: 0xFB67EF6fE609edAb1e0595e6815634E8E4db9cF7 0xb2f1956eAE0817dB73C4D542A4861eE485B7e7c6 0x607C26c976272459A0896065E03a9b70C0Ef04B5\u2026 pic.twitter.com\/yfSUyFSLQy \u2014 Lookonchain (@lookonchain) June 5, 2024 SHIB, on the other hand, has had an interesting price action in the past 30 days. After reaching a bottom of $0.00002167 on May 13, SHIBB went on a 32% increase to reach $0.0000287 on May 29 before reversing again to bounce off a support at $0.00002379.  <\/p>\n","protected":false},"author":594,"featured_media":611810,"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":[],"class_list":["post-611793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin"],"acf":[],"yoast_head":"\nShiba Inu Whale Enter Buying Frenzy, 715 Billion SHIB Snapped Up In Days<\/title>\n<meta name=\"description\" content=\"Recent price action has seen Shiba Inu bouncing off major price support at $0.00002379 after what might be propelled whales.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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