SHIB price recovers after Largest Shiba Inu whale buys 1.5 trillion SHIB |
Posted: June 14, 2023 |
The world of cryptocurrency has always been a chaotic one, with prices constantly fluctuating and investors never sure what to expect. However, there was an exciting development in the Shiba Inu community as the largest whale made a massive purchase that caused prices to soar.
According to reports from Whale Alert on June 13th, wallet address “0x2eFB” received a whopping 1.5 trillion SHIB tokens. The tokens were bought from popular exchanges Binance and Coinbase, causing quite a stir in the market.
This news came at an interesting time for Shiba Inu enthusiasts who had watched as the crypto market experienced a significant crash. Many whales and investors saw this as an opportunity to accumulate more SHIB tokens while prices were low.
With such a large purchase being made by one individual, many wondered whether it would have any impact on the value of SHIB tokens. It didn't take long for those questions to be answered when within just 24 hours after the purchase was made; SHIB's price soared over 3%.
While some may have been skeptical about how much influence one investor could have on such a volatile market, it quickly became clear that this particular whale held considerable influence given their shareholdings alone - they already had holdings of over five trillion SHIB prior to making this enormous acquisition.
Looking into where these newly acquired tokens ended up becomes even more fascinating upon closer examination: "0x2eFB" transferred them all worth 10 million dollars straight into another wallet address known only as "0x73AF." Speculation is rampant about who or what entity lurks behind this mysterious account which makes moves so powerful as if they are moving chess pieces around an intricate board game instead of dealing with cryptocurrencies, whose prices swing wildly up and down daily depending on trading activity alone!
Despite these suspicions, SHIB prices continued on an upward trajectory as investors from all over rushed to buy up the digital coins which saw their values increasing at extraordinary rates. The excitement didn't stop there, however, as Australians trading on popular exchanges like CoinSpot and Swyftx began buying Bone ShibaSwap tokens (BONE) after expressing their desire for Trading them ahead of Shibarium Layer-2's impending launch.
In light of these exciting developments and rising interest surrounding SHIB currencies as a whole so quickly gaining momentum once again after recent crash fears had subsided - many long-held speculations have resurfaced in the crypto community not just mere speculation about who or what could possibly be behind wallet address "0x73AF."
Shytoshi Kusama is known for being the lead developer responsible for spearheading work toward developing new infrastructure within this particular blockchain ecosystem they call Shibarium network- he has paused the official Telegram Shoibarium group amid risings Fear-Uncertainty-Doubt (FUD) leaking out into other areas leading traders wondering how much longer until we see reality come into play with Shiabrium launching.
For many investors, the recent surge in SHIB token prices has been a cause for celebration. The market had taken a wild dip, and some had feared that digital currencies were spiraling out of control. However, with this latest news about the largest whale purchase and subsequent rebounding prices, confidence seems to have returned.
It’s clear that things are changing rapidly in the world of cryptocurrency, but one thing remains true through it all: those who dedicate time, attention & resources towards effectively predicting shifts in value can potentially profit handsomely when investing wisely!
|
||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||
