Crypto Whales Buy 477 Trillion Shiba Inu, Token Price Up 4.5%

Crypto Whales has made a huge purchase of Shiba Inu. Trillions of Shiba Inu tokens have been transferred in two major transactions in the past 24 hours. One of these transactions is done through a well-known global crypto exchange while the other transaction is done in an unknown wallet. Such a large number of purchases over the past 24 hours for the Shiba Inu could be a good sign for the price of the token. Transactions of this scale can reduce the circulation of tokens in the market, thereby increasing the demand for tokens. As a result, the price of the token is bound to increase as well.

The Shiba Inu is the second largest Mime cryptocurrency in the world. It is also the second most popular meme token after dodgecoin. The major purchases in this token have been made by crypto whales in the last 24 hours. According to statistics released by Shiba Inu tracking account @shibaplay_, 418,616,148,963 and 58,373,309,353 SHIB tokens have been transacted in the last 24 hours. Data shows that 418 million of these tokens have been transacted through the Binance crypto exchange. Whereas the second transaction has been done through an unknown wallet.

Along with this, a jump in the price of Shiba Inu has also been recorded in the last 24 hours. Its price has increased by 4.59 percent. Ethereum whales still have huge reserves of Shiba Inu. However, some time ago when the price of bitcoin went below 19 thousand dollars, this number was reduced. Statistics show that the top 1000 Ethereum whales hold Shiba Inu tokens worth $133,680,683. The estimated price is 11,861,640,017,746 Shiba Inu tokens.

Talking about the latest price of Shiba Inu, today there has been a slight drop in its price in India. At the time of writing this, the price of Shiba Inu in India was trading at ₹ 0.000900. The Cryptocurrency Price Tracker reports that the Shiba Inu has seen a drop of 3.17% today.

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