U.Today - , a prominent crypto intelligence portal, recently reported a substantial development regarding . Thus, a major holder of SHIB, identified by the address "0x40B3," has amassed a staggering 1.5 trillion SHIB tokens, equivalent to a remarkable $10 million. This acquisition took place today and involved transactions on major crypto exchanges Binance and Coinbase (NASDAQ:COIN).
Interestingly, this is not the first time that "0x40B3" has made such a substantial purchase. The address had previously accumulated a whopping 5.3 trillion SHIB tokens, amounting to an impressive $35.5 million. Another significant transaction occurred on May 16, when "0x40B3" transferred an astounding 20 trillion SHIB tokens, equivalent to a staggering $134.4 million, to another address, "0x73AF."
SHIB to USD by This whale, as the largest nonexchange holder of the , has captured the attention of the crypto community due to its immense influence on the market. Following the recent acquisition of 1.5 trillion SHIB tokens, the SHIB price exhibited a notable acceleration in its upward trajectory. Within a mere 15 minutes, the price surged by more than 1.5%. Moreover, since reaching its recent bottom last Saturday, the has experienced a remarkable rebound of 24.4%.
The future trajectory of the token remains uncertain, with time being the ultimate determinant. However, the near term holds a series of highly significant events that are poised to have a direct impact on financial markets, particularly the crypto sector. Traders and investors are keeping a close watch on these developments, eagerly awaiting their outcomes and how they will shape the crypto landscape.