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6.5 Billion SHIB Added by Crypto Whales to Their Holdings Within One Hour

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Sat, 8/01/2022 - 16:00
6.5 Billion SHIB Added by Crypto Whales to Their Holdings Within One Hour
Cover image via stock.adobe.com

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Data provided by blockchain tracker etherscan shows that over the past hour, two crypto whales have acquired over 6.5 billion SHIB tokens.

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The two massive transactions were made from the wallets of Binance and Kucoin crypto exchanges, carrying 4,085,088,583 Shiba Inu (from the Binance 16 wallet) and 2,533,125,045 SHIB from the KuCoin 3 address.

The overall balance of the second wallet - 0xf16e9b0d03470827a95cdfd0cb8a8a3b46969b91 – shows 367,052,255,525.476110092428667497 SHIB. That is approximately $10,839,053.

shibbinance00
Image via etherscan
shibkucoin000988
Image via etherscan

As reported by U.Today earlier this week, major ETH whale “Gimli”, ranked 9 on the top 1,000 ETH list by WhaleStats, made a single purchase of a whopping 110,000,000,000 Shiba Inu tokens. On the day of the purchase (January 4), this amount of SHIB was worth $3,624,500.

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At the time of writing this, the 13-ranked SHIB token is changing hands at $0.00002945, as per the data provided by CoinMarketCap. SHIB is 66.71 percent below its all-time high of $0.00008845 hit by the coin on October 28.

Prominent crypto analyst and trader Scott Melker believes must not go below the $0.000022 level and has to soar up the chart. Otherwise, Melker expects the coin to “head into the unknown”.

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