Altcoins

Whales Buying Astonishing Amount of Shiba Inu – What’s In Store For SHIB Price In October?

Published by
Qadir AK

After hitting eight-month lows in mid-June amid the broader drop in cryptocurrency values, the Shiba Inu token (SHIB) is attempting to recoup its strength, but the rebound now seems to be reversing. 

However, a massive amount of Shiba Inu tokens have been transferred during the previous four hours. Two of these four transfers were carried out with binance  exchange’s assistance. Meanwhile, Shiba Inu continues to hold the top spot among ETH whales’ assets that it reclaimed earlier this week.

200,000,000,000 and 158,081,037,000 SHIB have been exchanged in large amounts between anonymous digital wallets, according to Etherscan. On the Binance exchange, two transactions each containing 100,000,000,000 Shiba Inu were purchased and transferred to the address 0xef686ec84eea2eae6f59cbc704d05b939f8fb385. The estimated value of these 200 million SHIB is $2,224,000.

Shiba Inu once again holds the title of largest holding among the top 100 largest wallets on the Ethereum chain as of two days ago. The top ETH whales since then have invested an additional $4 million in Shiba Inu, but it has been able to sustain it. The equal number of meme tokens is 361,010,830,324. In comparison to two days earlier, when they held $132,953,632, they now hold $136,956,295 according to data from WhaleStats wallet tracker.

Eternity Game Does Not Seem to Act as a Catalyst

The Shiba Inu ecosystem is back with a new significant announcement and a strategy to broaden its reach. However, because of the choppy market, the second-largest meme’s cryptocurrency values are trading under significant selling pressure.

The much-anticipated Shiba Eternity game download date has been set, according to SHIB. On October 6, 2022, the SHIB community at large can download and play the game. The pricing of Shiba Inu hasn’t changed much in the interim despite this declaration. Prices for SHIB have somewhat increased during the past day. However, in the last week, its prices only increased by 3%.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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