Bitcoin

Shiba Inu

<p><strong>The price of Shiba Inu Coin (SHIB) jumped about 10% after an early investor, who previously made $145 million from SHIB, bought an additional 715 billion coins, showing renewed interest in the meme coin.</strong></p><h2 id="header-0">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Chika-Moji-Airdrop.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>This surge has captured investors’ attention, as significant whale accumulation suggests growing confidence in SHIB. The recent purchase by the early <a href="https://cryptosheadlines.com/pepe-coin-price-drops-5-bad-news-for-buyers/" rel="noopener noreferrer nofollow">buyer has helped pump the coin’s price</a>, indicating increased investor interest.</p><h3 id="early-shib-investor-s-massive-purchase-boosts-price">Early SHIB Investor’s Massive Purchase Boosts Price</h3><p>Spot On Chain reports that an early SHIB investor, who previously gained $145 million in profits, has re-entered the market after two years. In the past five hours, this entity swapped 4,849 WETH, worth $18.5 million, for 715.8 billion SHIB. This massive purchase has significantly <a href="https://cryptosheadlines.com/shib-magazine-launch-boosts-shiba-inu-price/" rel="noopener noreferrer nofollow">boosted the price of Shiba Inu</a>.</p><p>The report also <a href="https://cryptosheadlines.com/key-shiba-inu-indicator-surges-50-during-shib-price-surge/" rel="noopener noreferrer nofollow">indicates that this recent accumulation has increased the SHIB price</a> by around 10%. Additionally, the transaction details from Spot On Chain highlight the entity’s current holdings of 9,207 ETH and WETH, valued at $34.9 million, suggesting the <a href="https://cryptosheadlines.com/shiba-inu-shib-potential-bull-run-ahead/" rel="noopener noreferrer nofollow">potential for further SHIB</a> purchases.</p><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/06/cryptosheadlines2.jpeg?resize&#61;640%2C634&amp;ssl&#61;1" /></p><p>Source: Spot On Chain</p><h2 id="header-1">Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">www.ChikaMoji.lol</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/05/Chika-Moji-Airdrop-1.png?fit&#61;1920%2C1080&amp;ssl&#61;1" /></p><p>Previously, this investor traded 8.29 trillion SHIB between February 2021 and June 2022, making substantial profits by buying early in March 2021 and selling during the major price surge in October-November 2021. This <a href="https://cryptosheadlines.com/stellar-xlm-teases-game-changer-event-in-6-days-profit-strategy-ahead/" rel="noopener noreferrer nofollow">strategy resulted in an estimated profit</a> of $145 million, representing a remarkable 5,201% gain.</p><p><a href="https://cryptosheadlines.com/mt-gox-bitcoin-movement-wont-impact-immediate-sales-cryptoquant/" rel="noopener noreferrer nofollow">Also Read:   Mt. Gox Bitcoin Movement Won&#39;t Impact Immediate Sales: CryptoQuant</a></p><h3 id="whale-activity-boosts-shib-price-and-investor-confidence">Whale Activity Boosts SHIB Price and Investor Confidence</h3><p>The whale’s recent activity has not only <a href="https://cryptosheadlines.com/cardano-ada-sees-1-1-million-inflow-boosting-investor-confidence/" rel="noopener noreferrer nofollow">boosted SHIB’s price but also reflects increasing investor confidence</a> in the meme coin. The substantial investment from an experienced trader indicates a bullish sentiment, which could attract more investors to the market.</p><p>This significant whale activity aligns with broader trends in the cryptocurrency market, where strategic investments by major players often lead to notable price movements. The early investor’s re-entry into SHIB after a successful trading history adds credibility to the meme coin’s potential for future gains.</p><p>The SHIB community is likely to view this <a href="https://cryptosheadlines.com/cardano-ada-whales-accumulate-14m-bullish-sign/" rel="noopener noreferrer nofollow">whale accumulation as a positive sign</a>. Large-scale purchases can signal confidence in the asset’s long-term value, encouraging other investors to follow suit. Additionally, the recent whale accumulation follows a massive spike in the SHIB burn, further fueling investor confidence.</p><p>As of writing, the Shiba Inu price was up 9.70% and trading at $0.00002612, with its one-day trading volume jumping 27% to $822.54 million. Over the last 24 hours, the meme coin’s price reached a high of $0.00002617, with CoinGlass data showing that its Open Interest rose 13.25% to $102.49 million.</p><p><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.b</p>

Shiba Inu: SHIB Price Jumps After Whale Buys 715B Coins

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