Ethereum whale “Jiraiya” claimed 99 billion SHIB tokens in two massive transactions, according to WhaleStats
Data from crypto whale tracker WhaleStats indicates that Ethereum whale ”Jiraiya” has just loaded up on 99 billion Shiba Inu tokens worth $3,560,960. Shiba Inu accumulation by whales continues amid the flat action seen of late in SHIB price.
In two major deals, as WhaleStats noted, the Ethereum whale “Jiraiya”, the 17th largest among 1,000 tracked ETH wallets, recovered 99 billion SHIB tokens, or nearly $ 3.65 million.
The transactions occurred simultaneously and were recorded on the blockchain about 20 hours ago. ”Jiraiya” purchased 49,999,041,461 SHIB worth $1,847,289, followed by 48,999,041,461 SHIB worth $1,810,343.
In every market cycle comes the accumulation phase, during which prices flatten out and upside investors see the opportunity to step in and earn discounts. This continues to be seen for Shiba Inu.
SHIB price action
Shiba Inu’s market capitalization dipped and fell out of the top 10 cryptocurrencies, but whales and dip buyers are calming the waters and allowing a semi-orderly rebound of the meme token.
At the time of going to press, SHIBA INU price action has attracted strong buying interest near recent lows at $ 0.00003425, where major daily chart support keeps the uptrend intact with volume of 24 hour trading of $ 1,169,504,576.
