SHIB token prices have exploded because of a whale's shopping spree
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An anonymous buyer decided to go on a SHIB coin shopping spree over two days buying close to an enormous6.3 trillion coins. The monster began his spree on October 1 when he went ahead and bought a mammoth 6 trillion SHIB coins worth around$ (aroundRs.). The monster either went ahead and bought another 116 billion coins the succeeding day, followed by two further trades of 159 billion coins and another 1 billion coins, the last three trades occurring in a span of a untold hours.
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The total volume of SHIB coins took by the monster on Saturday, October 2 on its own added up to 276 billion. Cognate high volumes saw SHIB coin price rise by 5 percent after which it settled down around 3 percent.
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But this is hardly the first time a jumbo has changed fortunes for the memecoin. Launched in August 2020, Shiba Inu was introduced to influence the hotness of Dogecoin, which had uncountable investors rushing into the cryptocurrency space.
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The whale bought 6.3 Trillion SHIB coins over two days
Unlike rivals Dogecoin nonetheless, Shiba Inu levelled up incontinently.
Investors sounded considerably interested in Shiba Inu as the total value locked (TVL) zoomed to values near to$ 2 billion in June and July. According to DeFiLlama, the TVL has since declined to under$ 300 million.
But that hasn't discouraged mysterious SHIB blockbusters from buying massive portions of the asset.
Shiba Inu could be closer than ever to launch on RobinHood Crypto
In fact, alike interest from blockbusters has only strengthened Shiba Inu's position in the call over the erstwhile limited months. SHIB was released on eToro-a global social trading platform grounded out of Israel-in late June and since either, the memecoin has witnessed catalogs on CoinBase Pro and WeBull at the baseline of August, all dug on by blockbusters buying billions of coins. September was alike, redounding in SHIB making it to Binance's portfolio too.
The memecoin which sees itself as'Doge-killer'has quite a following on social media too, with close to a million followers on Twitter. Addicts now believe that a launch on RobinHood could be imminent.
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