Shiba Inu (SHIB) marked a mighty whale in the market.
The whale transaction ranks $254 as per Whale Stats reports.
In the last 6 hrs, an ETH Whale named ‘BlueWhale0073’ purchased 229,963,072,498 SHIB tokens for a total USD of worth 2.5 million – as reported in Whale Stats, a crypto whale tracker.
The current trading price of Shiba Inu (SHIB) ranges at an increase of 2.70%. And, the trading volume drastically reduces to 14.57% in the last 24 hours.
Will Whales Surge the SHIB Price?
Currently, SHIB, an altcoin launched on Ethereum, reached $0.00001131 within which the crypto purchase happened for $2.5 million. It includes a total of 1,056 block confirmations. Meanwhile, there was a transaction of 3.5 trillion SHIB tokens to an unknown wallet. The transaction is reported in Whale Alert, a cryptocurrency transaction analyzer and tracker.
Source: Transaction Details Reported on WhaleStats
Several whales involved in the SHIB transaction in recent times. Yesterday’s Whale Alert reported successive transactions of Shiba Inu tokens. The transfer of around 1.9 trillion and 2 trillion respectively to unknown wallets, is noticed.
Analysts predict that the SHIB whales are selling and purchasing the tokens. This might rally the price of the token considerably. This would turn into a hit and the Shiba Inu tokens might reach $0.1 at the end of the year. Researchers anticipate that there could be a bullish market capitalization with the moving trillions of SHIB tokens to an unknown wallet.