- One of the largest Shiba Inu whales which held 101.47T SHIB has reactivated.
- The SHIB price witnessed a rise of over 6.5% in the last 24 hours.
Shiba Inu (SHIB), the popular memecoin, has recorded a price gain of more than 6.5% over the last 24 hours. This notable upswing comes as a part of the global crypto market’s response to Ripple’s recent victory.
At the time of writing, Shiba Inu (SHIB) traded at $0.000007899 with a trading volume of over $230 million, which soared 206% in the last 24 hours. Notably, Shiba Inu jumped to the 17th position with a market cap of $4.68 billion. Additionally, over the week, the Shiba Inu has soared by 10% and the price of SHIB hit the $0.000008062 range on Thursday.
The Revived Shiba Inu (SHIB) Whale
SHIB has drawn further attention from the crypto community with the reactivation of an enormous Shiba Inu whale after almost two years. The recent Lookonchain data revealed that this Shiba Inu whale held 101.47 trillion SHIB tokens, 10.5% of the whole SHIB supply. These SHIB tokens, worth over $756 million, are divided among 23 separate wallets associated with this whale.
Heightening the buzz, the revived Shiba Inu whale initiated a transfer of 4 trillion SHIB tokens. That worth $29 million, on Thursday. These transferred tokens are now found at eight new addresses, as per the Etherscan data.
A giant whale with 101.47T $SHIB($756M, 10.15% of the total supply, probably the largest holder) transferred 4T $SHIB ($29.8M) to 8 fresh addresses today.
— Lookonchain (@lookonchain) July 13, 2023
The whale has not made any large transfers for 610 days.https://t.co/3yewExpQa4 pic.twitter.com/LvVCKVnrSJ
The sudden activity from this large SHIB whale has sparked speculation among crypto enthusiasts about its intentions. And the impact on the future price momentum of Shiba Inu (SHIB). It remains to be seen how Ripple’s win and the actions of this prominent whale will continue to shape the fate of Shiba Inu and the wider cryptocurrency landscape.
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