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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.
Detected 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.
As the crypto market continues to surprise everyone, all eyes are on SHIB, waiting to see how this significant investment will impact its price trajectory.
Alex Dovbnya
Valeria Blokhina
