SHIB Price Surge Fueled by Exceptional Shiba Inu Whale Activity, Blockchain Data Shows
In a stunning discovery, blockchain data has exposed a significant increase in purchases of Shiba Inu tokens, exceeding $10 million within the past 24 hours. Detailed analysis by blockchain explorers has traced the movement of an astounding 311.17 billion Shiba Inu tokens to an unidentified wallet through two substantial transactions.
The first transfer involved a mysterious individual transferring 288.639 billion SHIB, with a value of $9.1 million, to the anonymous wallet. Following closely behind, a more modest transfer of 22.531 billion SHIB, equivalent to $736,080, was executed and is said to originate from the Bitvavo exchange.
One intriguing aspect is the potential association between these transactions and the European cryptocurrency platform Bitvavo, as suggested by insights from Arkham Intelligence. The possibility arises that these unknown wallets might also have links to the aforementioned platform.
The timing of these significant token movements holds particular importance as they occurred just before Shiba Inu experienced a noteworthy surge of over 7.5% in its price. This surge found support at the familiar level of $0.00003 per token, ultimately reaching a valuation of $0.000034 per SHIB.
The combination of these events ignites curiosity and raises questions about the underlying factors behind Shiba Inu’s recent activity. With notable developments already occurring in the SHIB ecosystem throughout the past week, this latest revelation further amplifies interest in the trajectory of this meme cryptocurrency.