Whale watching bots are reporting a marked spike in the number of transactions carrying large amounts of Dogecoin (DOGE) and Shiba Inu (SHIB). As big investors rush into meme coins, there is also an altcoin that is facing heavy whale selling with the latest news.
Massive Ethereum whale bought $1.4 million worth of SHIB in a single transaction
An Ethereum whale, ranked 254 on WhaleStats, bought 131,477,192,339 Shiba Inu (SHIB) worth $1,481,747 in a single transaction. ETH whale “BlueWhale0068” also bought SHIB while it was worth $1.1 during the week.
Among the top 100 ETH whales, the Shiba Inu is the largest token by dollar value. The first 5,000 ETH whales control a staggering $606,553,503 on SHIB, according to WhaleStats. The increased whale transactions come ahead of the upcoming Tier 2 Shibarium launch. BlueWhale0068 made a $1.1 purchase prior to launch.
https://twitter.com/WhaleStats/status/1631756898478305281
In the midst of think about the price, two whales buy $20 million worth of DOGE
In the first transaction, a wallet among the 20 largest whales bought 123,620,027 DOGE worth $9.5 million. In the second transaction, another whale captured 111,869,251 DOGE worth $8.5 million.
These DOGE transfers come just hours after Elon Musk posted a bizarre tweet about his “transition” from cryptocurrency to artificial intelligence. As Kriptokoin.com, we have included the altcoins bought by whales after Musk’s statements in this article.
https://twitter.com/DogeWhaleAlert/status/1631805824128651264
DOGE price drops by more than 7% on a weekly basis during loaded whale transactions. DOGE is currently struggling to hold just above the $0.070 zone. The interest of the whales was not enough for the Dogecoin price to recover. Meanwhile, an altcoin amid heavy whale sales is losing more than 10%.
This altcoin melts 10% with sales, while SHIB and DOGE remain silent on whale transactions
Andrew Thurman of the blockchain analytics platform Nansen team recently revealed that global trading firm Wintermute has sold about 10% of its LDOs following the SEC’s move on the liquid staking protocol Lido.
Amid the Wells Notice debacle (should be a Not Wells Notice amirite) Wintermute Trading shaved about 10% of their $LDO position, sending $2 milly in tokens to Coinbase through an intermediary wallet
Still hold $21 milly worth pic.twitter.com/hpiVV9qzWu
— Andrew T (@Blockanalia) March 4, 2023
Lido (LDO) fell 10% on Saturday after the rumor spread widely on social media and panicked the crypto community. Other researchers contacting the Lido team report that the drop is purely speculative…
The liquid staking platform informed crypto expert David Hoffman that the rumors were false, following the SEC news causing heavy selling. Immediately after the news broke, Hoffman said, “Members of the Lido team reached out to me and said it was wrong. “I’m particularly sorry to call it the Lido, because this is all just ‘rumor’ and the Lido doesn’t deserve special mention here,” he said.
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