It was reported last week that a mysterious account bought about 70 trillion Shiba Inu coins last summer, which was worth US$8,000 at the time. Now it has become about US$5.7 billion.Just when people doubted whether the owner of the mysterious account had lost access to the wallet, on Wednesday, the account began to move. The mysterious holder transferred 40 trillion Shiba Inu Coins to four different wallets. inside.
This may be a prelude to the realization. The Shiba Inu coin fell in response, from 0.00007295 US dollars to less than 0.00006 US dollars, and the market value was overtaken by Dogecoin.
In the previous example, the massive purchases of “giant whales” caused the price of Shiba Inu coins to soar to record highs. The huge buying pressure even offset the impact of Tesla CEO Musk’s remarks. The latter clarified at the time that he did not Owning Shiba Inu Coins usually has a big impact on market sentiment.
Similarly, the large selling orders from the “giant whales” may put tremendous downward pressure on the price of Shiba Inu coins.
As of press time, the price of Shiba Inu Coin is $0.000055. This emoji-based cryptocurrency has risen more than 1 million times in the past 12 months.