A New Altcoin Whale Is Born: Crazyly Bought From This Coin!

A new altcoin whale marked the day with a transaction of $ 33 million. The acquisition comes after a 1,400% increase in token burn rate.

New altcoin whale moves $33M in a single transaction

Etherscan data shows an astonishing amount of Shiba Inu transports in the last 12 hours. However, the transaction that marked the day was SHIB, worth $33 million, which came about two hours ago. A massive altcoin whale has moved 3.3 trillion SHIB tokens in a single transaction.

Whale Alert reported that a total of 3,363,854,488,205 SHIB tokens were transferred roughly two hours ago. Etherscan does not provide details on the amount of SHIB held in the sender’s or recipient’s wallet. But all the funds were transferred to a wallet that has been empty to date. This gives rise to rumors that a new whale has been born.

Coinbase transfer

In another transaction today, an anonymous whale transferred $1.5 million worth of SHIB. This fund was sent to the cryptocurrency exchange Crypto.com for sale. Transactions come from Coinbase’s wallets. Now whales are getting active again as SHIB adds another zero to its price after a recent drop. It seems that some whales are turning the fall into an opportunity.

However, the SHIB accumulation did not have an immediate impact on the price. Currently, the Shiba Inu price is trading at $0.000009933 with a 24-hour trading volume of $124.41 million. It was down 0.15% compared to the last 24 hours.

Latest Shiba Inu news

Recently, two innovative consumer real estate brands Pacaso and Condos.com partnered with Bitpay to enable Shiba Inu payments for purchasing real estate investments. On the other hand, mainstream adoption of the Shiba Inu is growing rapidly. As you follow on Kriptokoin.com, SHIB is now used as a payment method on Amazon and Netflix.

Canadian-based crypto payment infrastructure company FCFPay pointed out that users can now use SHIB, BONE and LEASH tokens in the Shiba Inu ecosystem to shop on Amazon and pay for Netflix subscriptions via the FCFPay Visa crypto card. FCFPay added support for SHIB Trifecta in July this year. The listing on the platform enables more than 5 million online stores in 195 countries to accept Shiba Inu.

Meanwhile, the recent The Giving Block partnership paves the way for Virunga National Park, Africa’s oldest national park, to accept donations with SHIB. However, Germany-based software company SAP SE has also recently collaborated with BitPay. In this context, it allows its employees to receive a part of their salary as SHIB.