300 Billion SHIB Bought by New Crypto Whale: The Shiba Inu Rise

• New Crypto Whale Buys Over $50 Million in Crypto Assets
• Whale buys 300 Billion Shiba Inu
• Shiba Inu Performance
• Crypto Whale Acquisition of Other Top Assets
• The Importance of Whale Accumulation for Shiba Inu

New Crypto Whale Buys Over $50 Million in Crypto Assets

A recent addition to the crypto whale community has made a remarkable purchase of more than $50 million in crypto assets. Identified by the address marker '0x865', this new entrant has managed to accumulate a whopping total of $51.54 million in assets, data from Spot on Chain reveals.

Whale buys 300 Billion Shiba Inu

Interestingly, among the acquired crypto is an estimated 300 billion Shiba Inu$0.000010 -2.05% (SHIB) coins. This surge in SHIB accumulation by this particular whale comes as a surprise due to the recent report of an on-chain large transaction volume decrease of 90% from its early November peak. This move by the whale has incited speculation among market observers, suggesting a possible shift from Shiba Inu towards alternative crypto coins.

Shiba Inu Performance

Shiba Inu has been frequently facing a decline over the past months. There are emerging reports that a considerable number of SHIB holders are at a loss. As of the time of this report, Shiba Inu is valued at $0.000008216.

Crypto Whale Acquisition of Other Top Assets

Alongside SHIB, the new crypto whale has also procured other leading cryptocurrencies. These acquisitions happened within less than 24 hours, with the largest transaction being 10,000 ETH valued at $20.3 million. The whale also moved a total of 60,000 BNB$312 -5.65% from Binance, valued at $13.73 million.

The Importance of Whale Accumulation for Shiba Inu

Whale accumulation plays a significant role in supporting the upward trends of Shiba Inu. This recent move can prove advantageous for SHIB's outlook. However, maintaining the momentum of this meme coin might require more than just a single large purchase.

Edited by Jonathan Stoker