Bitcoin

Shiba Inu

In a recent tweet by &#64;lookoncain, intriguing movements by crypto whales have caught the attention of the community. The largest holder of $SHIB reportedly accumulated a staggering 1.5 trillion $SHIB tokens (equivalent to $10 million) from prominent exchanges <a href="https://binance.com/" rel="noopener noreferrer nofollow">Binance</a> and Coinbase just four hours ago.Address “0x40B3” is now the proud owner of 5.3 trillion $SHIB tokens, valued at approximately $35.5 million. Notably, this whale made a significant transfer of 20 trillion $SHIB tokens (approximately $134.4 million) to address “0x73AF” on May 16. This whale stands out as the largest holder of $SHIB, excluding exchanges.<h2 id="header-0">More whale activity</h2>In a separate development occurring 18 hours prior, another whale activity took place. A prominent <a href="https://blockchainreporter.net/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin (BTC) </a>whale made a deposit of 1,800 BTC (equivalent to $46.7 million) to the renowned exchange, Binance, just 30 minutes ago.This particular whale has been accumulating BTC since January 11 and has withdrawn a total of 5,867 BTC (equivalent to $162 million) from Binance. Notably, the average withdrawal price was recorded at $27,702. The question now arises whether this whale will decide to sell their BTC holdings at a loss.These recent activities by crypto whales have sparked speculation within the community. The substantial accumulation of <a href="https://blockchainreporter.net/shiba-inu-price/" rel="noopener noreferrer nofollow">$SHIB</a> by the largest holder, excluding exchanges, raises curiosity about their intentions and the potential impact on the token’s value. Similarly, the BTC whale’s withdrawal history and the possibility of a sale at a loss leave room for conjecture regarding their trading strategy and market sentiment.As the crypto market remains dynamic and unpredictable, tracking whale movements provides valuable insights into investor behavior and can shape <a href="https://blockchainreporter.net/market/" rel="noopener noreferrer nofollow">market</a> trends.

More SHIB Accumulation and BTC Withdrawals Continue More Speculation

Table of Contents

BlockchainReporter

Other articles published on Jun 13, 2023

Ripple CEO Hints at Crucial Information in Pending Hinman Documents

CryptopiaCast: Matthew Thwaites

Binance.US Calls to Dismiss SEC’s Restraining Order Request

Robinhood Delists Solana (SOL), Cardano (ADA), and Polygon (MATIC) as SEC Labels them Securities

Ripple CEO Believes Hinman Documents Release Is Worth the Wait

BlockFi Expects to Enable Customer Withdrawals By 2023 Summer

Join our free newsletter for daily crypto updates!