The crypto world is abuzz with news of a massive Shiba Inu whale accumulating over 10 trillion $SHIB in just one month. Blockchain data shows that the whale has been buying up large amounts of $SHIB since April 2021, and the total amount now stands at an astonishing 10.3 trillion coins – worth approximately US$2 billion as of May 2021. This is an incredible feat for any single investor, especially considering Shiba Inu’s relatively small market cap compared to other major cryptocurrencies like Bitcoin and Ethereum.
So who exactly is this mysterious “whale”? It appears to be a group rather than an individual; however, their identity remains unknown for now. What we do know though is that they have been using sophisticated trading strategies to accumulate such a large number of tokens within such a short period time – something which would not be possible without considerable resources and knowledge about how the cryptocurrency markets work.
It will be interesting to see what this whale does next with its huge holdings in SHIB tokens – whether it decides to hold them long-term or sell off some soon for profit-taking purposes remains unclear at this point in time but either way it certainly looks like there could be big things ahead for both SHIB holders and investors alike! With its current price hovering around US$0.0017 per token (as of May 2021), there may still plenty more room left on the upside if demand continues increasing as expected over coming months/years ahead so stay tuned!
