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Shiba inu spiked 13% after a crypto whale bought 4 trillion of the meme tokens
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Shiba inu's price jumped 13% after a big crypto investor bought trillions of the meme token.
The big buyer, better known as a crypto whale, bought 4 trillion tokens for about $136 million, according to whalestats, which tracks ethereum wallets but excludes those for exchanges and projects. Coindesk first reported the purchase.
About a quarter of the whale wallet — which is worth half a billion dollars in total — is now made up of shiba inu coin. Metaverse tokens from Decentraland, Gala, and Sandbox also make up a big chunk of the wallet, along with stablecoin tether.
Shiba inu reached all-time highs in October and has largely been falling since, giving whales the chance to buy the dip. Earlier this month, one whale scooped up 50
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