Whale Acquires 715.9 Billion SHIB in Six-Hour Buying Spree
CryptoNewsTerminal Staff05 Jun, 2024
Whale Acquires 715.9 Billion SHIB in Six-Hour Buying Spree
On-chain data analytics provider Lookonchain recently analyzed blockchain data, revealing that a specific whale has amassed a staggering 715.9 billion SHIB, valued at approximately $18.44 million, over the last six hours. This significant purchase was made using 4,849 ETH. Notably, this is not the whale's first foray into SHIB acquisitions. Previously, the same whale acquired 5.5 trillion SHIB for a mere $400,000, demonstrating a strategic approach to investing. However, this investment proved to be lucrative, as the whale sold the SHIB for a whopping $121 million at two market peaks. The whale's recent buying spree has fueled speculation within the SHIB community, with some suggesting that it could be a sign of renewed interest in the Shiba Inu meme coin.
