Shiba Inu coin popular again: investor buys billions of coins
Digital currencies are rising again. Shiba Inu notices that too and has become popular now that an investor has bought coins.
The cryptos have found their way up again. Almost all coins are rising and a number of cryptos are benefiting from this. The meme coin Shiba Inu has found a buyer who immediately made a mega purchase.
Shiba Inu popular again
Recently, cryptos have taken quite a beating. It is then nice for a coin if a whale (large owner and/or large buyer) makes a new purchase. And that is the case! An anonymous whale has bought 278 billion tokens. He or she had to tap an amount of six million dollars for that. Not everyone has that in their bank account, so such a purchase stands out.
By the way, more mega purchases have been made in recent days. Crypto whales are jumping on the meme coins again, including Shiba Inu. This is notable because ‘normal’ traders avoid the coin. Whales and wealthy investors do not do this and buy the tokens en masse. Shiba Inu is therefore popular among them and they expect a significant increase in the future.
whale
A ‘whale’ stands for whale of course. This means a large buyer. WhaleStats usually considers the top 100 wallets of the Ethereum network to be whales. Those wallets then hold more than 400 million dollars in all kinds of digital coins. A huge amount and there are so many of them. The top 5 have more than $45 billion worth of cryptos. The top ones in this list are not trading platforms, so they are real traders. In recent years, more and more of these ‘big players’ have been added and the end is not yet in sight.
