SHIB Announces Major Development: Whales Charge!

Shiba Inu (SHIB) has been added to the list of a new exchange today. After the announcement, the whales rushed to buy SHIB.

Shiba Inu (SHIB) on the list of South African cryptocurrency exchange VALR

South African cryptocurrency exchange VALR has announced that its users can now trade Shiba Inu (SHIB) with USDC. Together with SHIB, it is preparing to trade in USDC pair on AVAX.

In early May, VALR raised $50 million in a funding round led by Pantera Capital. The new capital is aimed at supporting the company’s expansion into emerging markets. With the new funding, the stock market reached a valuation of $240 million. Because of VALR’s size, the whales saw the news on my listing as an opportunity to buy.

Whales bought 1.6 trillion SHIB

Recent data from Etherscan shows that ETH whales have purchased more than 1.6 trillion Shiba Inu. On Twitter, @shibaplay_ reported that a total of 1.6 trillion SHIBs were purchased in the last 24 hours. Earlier today, the price of SHIB jumped 6% right after the whales.

Whales buy and transfer 1.6 trillion Shiba Inu

The Twitter user in question drew attention to these dazzling SHIB transfers by sharing links to Etherscan. An unnamed whale bought 50,656,885,934 SHIB on Coinbase and immediately after that withdrew it to his cold wallet. However, Etherscan shows that this whale actually took three large pieces of SHIB out of it. Transactions 80,960,690 Shiba, 130,204,348 Shiba and 8,756,682.

Another important Shiba transaction came from Binance with 199,999,679.531 units. The largest SHIB amounts in this series of transfers occurred between anonymous wallets. 417,167,400,278 and the mind-blowing 796,958,896.631 Shiba. These are valued at $5,118,644 and $9,730,868, respectively. The second transfer was worth about a million dollars at the time of purchase due to a higher Shiba exchange rate against the dollar.

SHIB price fell 6%

As quoted by Kriptokoin.com, the Shiba price lost around 6% earlier today. It fell in a single red candle within an hour in the process. The 20 percent rally that started a few days ago ended abruptly after a nearly 20 percent price increase. Second, it could be due to the crypto market’s overall recovery once the locomotive crypto Bitcoin breaks the $22,000 level.

Shiba Inu lost top 4 positions in largest ETH wallets

According to data shared on the WhaleStats website, the second largest meme token has dropped from the top 4 to sixth place among Ethereum whales. At the time of writing, the top 100 wallets on Ethereum contain Shiba Inu worth $152,100,683. This makes up 3.89 percent of their portfolio. LOCUS and stETH tokens hold positions 5 and 4, just ahead of SHIB.