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In an unexpected turn of events, the Shiba Inu token market was set ablaze with excitement as an unknown whale — a term used to refer to significant investors in the crypto space — made a staggering purchase.
Tomiwabold OlajideDetected by the Etherscan explorer, this mysterious investor acquired a whopping 60 billion SHIB, valued at an astonishing $444,000, a mere hour ago. This mysterious entity now boasts an impressive 73.255 billion Shiba Inu tokens, amounting to a substantial $541,350 in their portfolio.
What makes this occurrence all the more intriguing is the rapid ascent of this enigmatic investor. Just a month ago, their first-ever Shiba transaction took place, and within this short span, their Shiba Inu holdings have escalated to half a million dollars.
What is even more noteworthy is that this SHIB purchase constitutes nearly half of their digital assets, which in total amounts to a staggering $1.38 million.
Will SHIB price history repeat itself?
The timing of this large-scale transaction is also noteworthy. Speculation is mounting in the community as the Shiba Inu token is poised for a fruitful upswing. As reported recently by U.Today, the well-respected analyst Ali Martinez highlighted that the TD Sequential indicator flashed a buy signal on SHIB's weekly chart.
Notably, the last two bullish signals from this indicator resulted in price surges of 118% and 71%, respectively.
Godfrey BenjaminAs the crypto market continues to surprise everyone, all eyes are on SHIB, waiting to see how this significant investment will impact its price trajectory.
Arman Shirinyan
Alex Dovbnya
Dan Burgin
U.Today Editorial Team
Vladislav Sopov