As a seasoned crypto investor with years of experience navigating the volatile digital asset markets, I can confidently say that the recent events surrounding Shiba Inu (SHIB) have been nothing short of exhilarating. The rollercoaster ride this token has taken over the past few days is reminiscent of my early days in the crypto world when I first discovered Bitcoin during its meteoric rise in 2017.
According to U.Today’s previous report, the well-known meme-based cryptocurrency, Shiba Inu, experienced a significant surge in large transactions this week, amounting to 9 trillion SHIB. This phase was marked by a thrilling ride of price fluctuations for the Shiba Inu token. Initially, its value plummeted by nearly 30%, only to soar even higher afterwards.
Large whale holders remained active as a new, unidentified whale drew interest. Consequently, the address labeled “0x4B5” withdrew approximately 220 billion SHIB, equivalent to around $3.04 million. This withdrawal occurred in two separate transactions, with the majority of tokens leaving 22 hours prior and the remaining 3.55 billion SHIB departing seven hours later.
Consequently, the unidentified party has amassed a profit of $114,370 from their Shiba Inu (SHIB) holdings. Additionally, Arkham Intelligence indicates that these tokens were initially taken out of Coinbase Prime Custody, implying that an institution or experienced investor might be the mystery purchaser behind this anonymous entity.
Currently, the value of the widely recognized meme-based cryptocurrency is climbing significantly, having reached approximately $0.0000137 at this moment, an increase of 2%.
After reaching a low of $0.000011 in the latest market downturn, SHIB has experienced a significant surge of approximately 29% over nearly three days. To add to this, it’s important to note that Shiba Inu is already a valuable asset worth billions. Truly remarkable!
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2024-08-07 16:54