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What ETH whales loading up $3.54m SHIB could mean for investors
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The latest crypto market seems to have had a bit of relief, having stayed in red for a while. However, not all cryptocurrencies in the top 50 market cap have recovered.
Meme token, Shiba Inu [SHIB] posted some gains. However, at the time of writing, the altcoin favored the red. Additionally, the selling pressure across the entire crypto market was not over. So what could have triggered a possible recovery for SHIB?
According to Whalestats, Ethereum [ETH] whales have been buying SHIB. The volume purchased over the last 24 hours of 27 July was as high as $3.54 million, amounting to 334 billion SHIB tokens.
These were accumulated in two massive transactions. An Ethereum whale named “Gimli” initially bought 187 million SHIB tokens.
<p lang=«en» dir=«ltr» xml:lang=«en»> Read more on ambcrypto.comAbout this in other media
Ethereum whale transactions peak at 2-month high amid Goerli testnet merger cointelegraph.com /2 years ago
Decoding what USDT’s supply hike on exchanges could mean for investors ambcrypto.com /2 years ago
ETH whales holding SHIB stay undefeated but 350% accumulation… ambcrypto.com /2 years ago
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