The Great Shiba Inu whale rose up after being inactive for 157 days to share out 4 trillion Shiba coins that can fit into 8 wallets. This whale is referred to as the greatest keeper or holder of the SHIB tokens. The moves made may have been in response to the announcement Shytoshi Kusama made on the Shibarium mainnet. Shytoshi Kusama is the creator of the Shiba Inu.
Shiba Inu Whale
— Lookonchain (@lookonchain) July 13, 2023
On July 13th, Lookonchain revealed that a large whale with 101 trillion Shiba Inu tokens worth 756 million dollars moved 4 trillion SHIB worth 29.8 million dollars to 8 new addresses. This whale is said to carry about 10% of the total supply of the SHIB token. Transfers have not been taking place for the past 610 days therefore accumulation and distribution of Shiba Inu tokens has been taking place. The whale is also known for buying the tokens from dips.
In the year 2020, the large animal bought 103 trillion Shiba tokens. It then sold 603 billion SHIB for 2411 ETH which sums up to 9.6 million dollars. In 2021, 1.25 trillion SHIB worth 8.77 million dollars was sent to the Coinbase exchange market. The whale has 101.47 trillion SHIB worth 756 million dollars distributed in 23 wallets.
According to Spot on Chain, 7049 tokens were bought 157 days ago. The main wallet currently holds 6.20 trillion SHIB worth 46 million dollars. The news comes after Shytoshi confirms that the long-awaited L2 token will be released during the Blockchain Futurist Conference in Toronto, Canada from August 13th to 17th.
The Shiba Inu network and ecosystem will be having the Doggy DAO and the SHIB DAO Foundation that handles the decisions, holds, and manages the assets of the DAO.