One wallet has accumulated approximately $176 million in SHIB after its most recent transactions, making it the fifth largest Shiba whale.
While talking about whether the memecoin frenzy is over or not, the network activity of a wallet became the agenda. A millionaire wallet became the fifth largest Shiba whale as a result of 4 different transactions it carried out the previous day. The wallet holds 20 trillion SHIB.
Also, Lookonchain sparked controversy by claiming that this wallet is also the fifth largest Dogecoin whale.
SHIB Whale Moving, Claims Strong
Lookonchain and Whale Alert revealed a new SHIB whale the other day. Another wallet sent 20 trillion SHIB in four different transactions to a wallet that did not previously hold SHIB. This process has been talked about a lot on social media.
🚨 🚨 5,000,000,000,000 #SHIB (43,609,999 USD) transferred from unknown wallet to unknown wallethttps://t.co/CIGToDoUSk
— Whale Alert (@whale_alert) May 16, 2023
While Whale Alert reported on all four different transactions, discussions that this was a preparation for something drew attention in the comments. Right after, Lookonchain took this wallet under review. Data tracker Lookonchain claimed that this wallet, which suddenly became the largest SHIB whale, is also the fifth largest DOGE whale.
1/ Sharing some interesting findings on $SHIB and $DOGE.
The 5th holder of $SHIB and the 5th holder of $DOGE seem to be the same person, either Jump Trading or a partner of Jump Trading.
Holding 20T $SHIB($176M) and 3.4B $DOGE($248M). pic.twitter.com/6DRz7RG3Yh
— Lookonchain (@lookonchain) May 17, 2023
Lookonchain said that the owner of these wallets is Jump Crypto or a trading partner of Jump Crypto. According to the data monitor organization’s claim, DOGE and SHIB transfers took place at the same time and in the same number of transactions. With these transfers, two new wallets got whale status.
Also, the wallet, which is the fifth largest Shiba whale holding 20 trillion SHIB, was observed to be approximately $173 million. Shiba is thought to own 2 percent. The fact that this wallet is a new wallet has become the focus of discussions.
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