Rumors of an upcoming Shiba Inu pump are swirling as two major whales in the cryptocurrency world have been observed accumulating an astonishing 1.2 trillion Shiba Inu (SHIB) tokens. Above all, the massive accumulation of tokens by two key market players could signal that a strong SHIB pump is on the horizon as these whales look to capitalize on their investments.
Moreover, in the past 24 hours, WhaleStats, a renowned blockchain data tracking platform, has identified two major Ethereum (ETH) investors who have made two individual transactions that together have accumulated an astronomical 1,022,047,313,193 (1.02T) SHIB tokens – worth an impressive $10,898,378 ($10.89M). This is a huge sum for such a short period of time and speaks to the astuteness and resourcefulness of these particular investors. It’s no surprise that they have been able to amass such vast wealth in just one day.
Shib continues to advance
The Shiba Inu token has skyrocketed in price since its launch and has quickly become a popular choice for investors looking for high-risk, high-reward opportunities. However, the launch of Shibarium Public Beta has resulted in a huge surge in demand for the Shiba Inu cryptocurrency, leading to a noticeable jump in its burn rate.
According to The Crypto Basic, the Shiba Inu Community has destroyed a staggering 2,072,114,690 (2.07B) SHIB tokens over the course of just one week through 290 separate transactions. This is indicative of the growing popularity of the currency and highlights how invested people are in its continued success.
Finally, with the whales now controlling such a large portion of the SHIB tokens, many are speculating that a pump is imminent and could catapult this already expensive token even higher.
