Largest Shiba Inu Whale Buys 1.5 Trillion SHIB; Price Rebounds
The largest Shiba Inu whale on Tuesday accumulated additional 1.5 trillion SHIB tokens from crypto exchanges Binance and Coinbase.
The move comes as whales and investors started accumulating SHIB after the recent crypto market crash. SHIB price soared over 3% in the last 24 hours.
Whale Accumulates 1.5 Trillion Shiba Inu (SHIB) Tokens
Whale Alert on June 13 reported wallet address “0x2eFB” received 1,047,480,969,141 SHIB ($6.97 million) from Jump Trading. The wallet address also received 483,923,234,473 SHIB ($3.25 million) from wallet address “0x66E0”. “0x2eFB” still holds 5.75 trillion SHIB.
Etherscan data shows “0x2eFB” transferred 1.5 trillion SHIB worth $10.09 million to wallet address “0x73AF” after a few hours. The wallet address is known to transfer SHIB to the largest non-exchange wallet address “0x40B3.” “0x73AF still holds 5.28 trillion SHIB.
Lookonchain shared that “0x40B3,” the largest holder of Shiba Inu, accumulated 1.5 trillion SHIB ($10 million) from Binance and Coinbase. Interestingly, the “0x40B3” received 20 trillion SHIB from “0x73AF” on May 16.
Meanwhile, lead developer Shytoshi Kusama has again paused the official Telegram group of Shibarium amid rising FUD related to the official date of the mainnet release. The pause in activity has also led to speculation among the community about whether the Shibarium release is near.
Also Read: Terra Luna Classic (LUNC) Developer L1TF All Set For v2.1.1 Parity Upgrade
SHIB Price to Rally?
Meanwhile, Australian exchanges CoinSpot and Swyftx have listed Bone ShibaSwap (BONE) token. The move comes after a recent poll showed the community wants to trade BONE token as the anticipated launch of the Shibarium Layer-2 blockchain comes near. BONE price trades at $0.70, up 2% in the past 24 hours.
SHIB price jumped 3% in the last 24 hours, with the price currently trading at $0.0000067. The 24-hour low and high are $0.00000653 and $0.00000675, respectively. However, the trading volume for Shiba Inu has decreased by 27%, indicating a lack of interest in traders.
Also Read: Bitcoin, Ethereum To Rise Amid Positive US Fed & Inflation Data or Fall As Market Makers Exit
- Breaking: CME to Launch 24/7 Crypto Futures Trading Amid Rising Institutional Demand
- Citigroup Predicts Bitcoin Could Climb to $231,000 in 12 Months
- Ethereum and BMNR Rallies as BitMine Drops $1B on ETH, Analyst Hails “Most Bullish Setup Yet”
- ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?
- Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle
- Solana Price Eyes $360 After Bullish Retest As VisionSys AI Deploys $2B Treasury Strategy
- Cardano Price Forecast As Hashdex Listing Fuels Optimism For $1.27 Breakout
- BONK Price Rally Ahead? Open Interest Jumps as TD Buy Signal Flashes
- Shiba Inu Price to Surge as Whales Buy and Team Commits to Shibarium Growth
- XRP Price Prediction After Ripple CTO David Schwartz Resigns
- SUI Price Eyes $4.5 as Coinbase Futures Listing Sparks Market Optimism
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
