Massive Transaction of SHIB Whale Raises Attention in the Crypto Community - COINTURK NEWS
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Massive Transaction of SHIB Whale Raises Attention in the Crypto Community

11:23 pm (40 days ago)
October 23, 2023

In recent days, a crypto whale made a massive transaction that caught the attention of the crypto community. The famous crypto whale tracking platform, Whale Alert (@whale_alert), shared with crypto investors and followers that a whopping $31.74 million worth of SHIB transaction took place in the last 24 hours.

SHIB Whale and the Current Situation

Whale Alert revealed that an anonymous user conducted a massive transfer transaction. A wallet address moved 4,534,030,677,374 SHIB tokens, depleting the balance of the sending SHIB address to zero. Additionally, the receiving wallet address is among the top 25 SHIB investors and still holds this amount.

In the past, numerous whale transactions exceeding 4 trillion SHIB have occurred in relation to SHIB. Recently, a transfer transaction involving 4.5 trillion tokens between two anonymous users took place. These types of transactions are considered large-scale transfers, reflecting the active participation of whales and institutions that continue to exist in the Shiba Inu ecosystem.

Anonymous transactions are a fundamental aspect in the crypto world, and anonymity often plays an important role in crypto sales. Another whale transaction occurred a short while ago, leading to rumors that whales took advantage of low prices to acquire SHIB. Buying during price drops is a common strategy in the crypto world.

Current Status of Shiba Inu and SHIB Price

Shytoshi Kusama, the lead developer of Shiba Inu, made a brief statement containing exciting updates that would stir up the Shiba Inu community.

Kusama recently joined a Telegram chat where he announced that they are preparing to take the next step in the Shiba Inu ecosystem and are in ongoing discussions with influential figures and high-level community members.

Kusama also emphasized strengthening community support and mentioned that he had held potential collaboration talks with some platforms to expand the Shibarium network.

During this process, another development occurred. GroveX, a leading cryptocurrency exchange, announced its readiness to integrate Shibarium into its platform. However, the team expressed their intention to establish direct contact with the Shibarium team before proceeding with the integration. Finally, when examining the price, SHIB was trading at $0.00000719 with a 0.84% increase in the last 24 hours.

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