Several anonymous crypto whales have transferred large amounts of SHIB, while the coin is trading just below its recent all-time high
Data shared by Etherscan shows that in the past few hours, cryptocurrency whales have transferred several massive pieces of Shiba Inu, totaling 28 billion coins.
That is the equivalent of $1,295,560. At press time, SHIB is trading at the $0.000046 level.
Whales buy bags of Shiba Inu
There were nine transactions, most of them involving several billion SHIBs. The largest one was worth 12,289,245,806 SHIB tokens.
The smallest carried 132,266,524 SHIB.
Earlier this year, an anonymous whale purchased a whopping six trillion SHIB in a single transaction, adding 276 billion to it a couple of days later.
Anonymous user buys 276 billion SHIB
As shared by the @ShibalnuNews account, a crypto whale recently purchased an eye-twitching amount of SHIB, worth $11,510,207. That is 276,592,553,073 in crypto.
The account owner’s comment says that the whale apparently knows something that others don’t and knows what they are doing.
Influencer believes Elon Musk has not harmed SHIB with his tweet
On Monday, PAC Protocol chief David Gokhshtein wrote on Twitter that a recent tweet by Elon Musk, in which he rejected SHIB token, did not harm SHIB at all.
On Sunday, October 24, Shiba Inu hit a new lifetime high of $ 0.00004442. It happened without Elon Musk, Gokhshtein explains, and without the Robinhood app that is expected to list the token soon.
On Sunday, Elon Musk tweeted that he doesn’t own SHIB and that he thinks it’s the usefulness of a project that matters most (creating products and services for other human beings) rather than just make money at all costs.
Gokhshein commented that had Elon tweeted this about Dogecoin, DOGE would have already collapsed. But nothing like that happened to SHIB, he said. Still, the cryptocurrency itself lost around 14% after this tweet from Musk.
On Monday, the former politician and current crypto influencer, Gokhshtein, also tweeted that he had agreed to buy a bag of SHIB since the label of “Dogecoin killer” had been removed from the second-largest meme cryptocurrency.
