Nearly 5 trillion SHIB have landed in brand new cryptocurrency wallet, indicating new whale entering market
As reported by U.Today earlier, Santiment on-chain data company spotted an impressive rise in SHIB whales' activity over the past week. They have begun acquiring big amounts of SHIB as the price pulled back after a slight rise, thus providing conditions for discount purchases.The price of SHIB shows a negative move after the just launched Shibarium Layer 2 blockchain faced multiple serious issues, with all the funds locked in the Shibarium-Ethereum bridge getting stuck and unavailable now.
Still, it looks like some whales are exiting SHIB and its other major tokens to bet on another trendy meme coin, PEPE. As reported by the @lookonchain service, which follows sells and buys of crypto whales, one of these large wallet owners has dumped all of their SHIB and BONE and bought a huge bag of PEPE — 1.07 trillion of it worth $1.28 million.new blocks, the whale transferred 143 billion SHIB to Binance to sell this meme coin stash.
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