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260 Billion SHIB Moved by Anon Whales, While Coin Is Trying to Recover

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Sat, 10/16/2021 - 10:08
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Yuri Molchan
Latest analytics data shows that just recently several anonymous whales have transferred around 260 billion Shiba Inu tokens
260 Billion SHIB Moved by Anon Whales, While Coin Is Trying to Recover
Cover image via stock.adobe.com

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According to data provided by etherscan, just recently, several massive lumps of SHIB, over 80 billion coins each, have been transferred by anonymous whales.

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Image via etherscan

This year cryptocurrency whales have been increasingly attracted to the Shiba Inu Ethereum-based token often referred to as a “Dogecoin killer” by members of its community.

Experts believe that the recent SHIB rally was triggered, when the meme coin surged over 300 percent in a week, by a whale buying first 6 trillion coins and then adding 276 billion SHIB to it.

This week, SHIB has been listed by the oldest Indian crypto exchange ZebPay and an announcement was made about the largest Turkish crypto platform BtcTurk would be adding support for Shiba Inu as well.

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Now, the community expects the Robinhood trading app to add it and some believe that large purchases of the coin buy anonymous wallets are somehow linked to the possible future listing of SHIB on it.

At press-time, SHIB is changing hands at $0,000026 per coin, as per CoinMarketCap data. That is 25.13 percent down from its recent high of $0.00003483.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.