As Shiba Inu’s value continues to soar, a new big investor has made a significant move by investing $40 million in the cryptocurrency.
This emerging whale purchased a whopping 4.41 trillion SHIB tokens in one transaction, becoming one of the top 30 largest SHIB holders. The excitement is building as the community eagerly awaits the upcoming Shibarium launch.
Shiba INU’s bullish trend remains strong
Whale Alert noticed a notable accumulation of SHIB tokens by a big investor. This comes at a time when Shiba Inu has shown impressive growth, with its price surging over 25% in the past month. The token has broken free from a consolidation phase that lasted until August 4.
SHIB’s strong performance has pushed its price above the important level of $0.00001, reaching a four-month high. The past month has been remarkable, with SHIB’s price rising significantly and trading volume reaching a new six-month high, according to Santiment.
Meanwhile, Shytoshi Kusama, the creator of Shiba Inu, has been proactive in addressing false information and scams targeting the community. Kusama has taken steps to debunk misleading claims about new tokens and the Shibarium campaign. This serves as a warning to everyone to be cautious and vigilant against potential scams.
Shibarium generates mixed sentiments
Shiba Inu Token (SHIB) has demonstrated strength with a 9% increase in the past week. The interest in Shibarium and its potential impact on the Shiba Inu ecosystem is growing. With SHIB currently trading at $0.000009161, the cryptocurrency community is excited about the possibilities this update could bring.
Shibarium’s Layer 2 blockchain is expected to launch this month, creating anticipation in the market. The “Summer of Shibarium” campaign, featuring exciting releases, has sparked interest in SHIB and other related cryptocurrencies.
Important: 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.
Join Cryptos Headlines Community
Follow Cryptos Headlines on Google News and Threads App
