Mysterious Shiba Inu Whale Buys 125 Billion SHIB Coins Worth $4.2 Million During the Dip

A mysterious and unidentified Shiba Inu whale purchased a whopping 125 billion SHIB coins worth a staggering $4.2 million. The whale made good use of the recent dip and loaded bag full of SHIB tokens for a discounted price.

The SHIB whale goes by the name ‘Light’ and is among the top 1000 ETH rich list in the ERC-20 tokens. ‘Light’ whale ranks at no 2 position on WhaleStats and is a dominant force in the crypto sphere.

Questions arise as to why are whales going all in on SHIB? Do they know something that the ordinary investor has no access to? Do whales have inside knowledge about an upcoming listing? Well, since the crypto market is deregulated, it’s difficult to decode their movements as their identity remains to be a mystery.

“An #Ethereum whale purchased $4.2M worth of $SHIB today,” tweeted Watcher Guru along with the link to the transaction details.

Whales started taking entry position in Shiba Inu since the last week of July and the trend hasn’t stopped yet. There’s news of a new whale purchasing SHIB almost every day making its trading volume spike steadily. Whales have picked SHIB even during its all time high and lows are confident on the token no matter its price.

The crypto market has now slumped and Bitcoin dragged every other token down along with it. Analysts predict that the next bull run could see metaverse and meme-tokens dominating the crypto charts. Since close to a month, cryptos surrounding meteverse were the top gainers along with meme-tokens.

“#Metaverse and #memecoin are leader of next bull run. Analysis top 10 purchased tokens by 1k biggest ETH wallets. In 24 hours, we have $SHIB, $SAND and $ELON. In the last 7 & 30 days, we have $GALA, $MANA and $SAND,” tweeted WhateStats.

Shiba Inu Price Prediction

Shiba Inu had a phenomenal run in October 2021 as it spiked +900% and reached a new all time high of $0.00008616. However, SHIB has failed to hold on to its momentum since then and dipped -61.3% from its ATH. The token is sending mixed signals but despite the recent dip, remains to be a dominant force in the market.

The upcoming gaming partnerships with Activision and Playside Games will make SHIB be at a better position in 2022. Even the upcoming ShibaNet will change the tokens prospects and lead it to better paths in the coming months.

2022 could be a game changer for SHIB and investors who hold on to the long term will reap the rewards. At the time of publishing, Shiba Inu was trading at $0.00003306 and is down -6.5% in the 24-hours day trade.

Credit: Source link