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