While Elon Musk tweeted that he was losing interest in cryptocurrencies, altcoin whales bought millions of these two coins.
Elon Musk is moving from cryptocurrencies to this sector
Tesla CEO announced in a tweet that he made the transition from crypto to artificial intelligence. Meanwhile, its two big whales bought close to 240 million Dogecoins (DOGE) while their price was falling. The first transaction was from one whale wallet to another, which was among the 20 largest, and moved 123.6 million DOGE worth $9.5 million. The second transfer took place between an anonymous wallet and another wallet in the top 20. This transaction involved 111.8 million DOGE worth $8.5 million.
https://twitter.com/DogeWhaleAlert/status/1631805824128651264
According to the report prepared by DogeWhaleAlert, a total of close to 240 million Dogecoin (DOGE) transfers took place in the last 24 hours. Meanwhile, Elon Musk was tweeting on his Twitter account that he was “shifting” from crypto to artificial intelligence.
“I used to be in crypto, but now I got interested in AI"
— Elon Musk (@elonmusk) March 3, 2023
Elon Musk makes unexpected crypto-artificial intelligence (AI) statement
Musk posted a tweet last night stating that he used to be in crypto but is now interested in artificial intelligence. This tweet comes after Musk criticized several times the ChatGPT product of the Open AI company he helped found in 2015 but resigned from senior management three years later due to some disagreements with other founders.
Amid close to 240 million Dogecoin (DOGE) transfers, whales are filling their wallets ahead of the upcoming Shibarium launch on the Shiba Inu. Both notable transactions took place around the time Elon Musk made his crypto-artificial intelligence (AI) announcement.
This crypto whale bought Shiba Inu (SHIB) for $1.49 million in a single transaction
According to data provided by Whalestats, an Ethereum (ETH) whale named “BlueWhales0073” bought 131.4 billion Shiba Inu in a single transaction. This represents an investment of approximately $1.48 million. This massive accumulation came when the Shiba Inu price was down 10% over the past 7 days. As we quoted as Kriptokoin.com, machine learning algorithms expect this trend to continue until the end of March.
In depth, Shiba Inu is the largest dollar-valued token among the top 100 ETH whales. The whales hold a total of $601 million worth of SHIB tokens. SHIB accounts for 11.94% of the whales’ total balance.
Shiba Inu was among the top 10 tokens purchased by the largest whales in the last 24 hours. It also topped the list of contracts most used by the top 100 ETH whales. However, the 24-hour token burn is down about 4%. Only 31.5 million SHIB tokens were sent to the dead wallet.
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