• About
  • Contact
  • Privacy Policy
  • Terms and Conditions
Monday, October 27, 2025
The VR Soldier
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases
No Result
View All Result
The VR Soldier
No Result
View All Result

Whales Snap Up 2.39 Trillion Shiba Inu Tokens, Eyeing Market Shift

Kyle Portman by Kyle Portman
January 15, 2024
in News
Reading Time: 3 mins read
0
Share on TwitterShare on Facebook

The SHIB price has been in a downtrend since the beginning of the month, falling 20% ​​from its yearly opening to hit $0.000008735 on January 8th. However, SHIB whales did not stand aside and actively brought back the fall. On-chain data shows that several addresses have accumulated 2.39 trillion tokens and moved them into self-custody, indicating a positive sentiment from major players regarding the price performance of meme coins.

 

Whales accumulated 2.39 trillion SHIB within a month

The Shiba Inu ecosystem attracts many high-net-worth investors, and transactions between them are not uncommon. According to tracker Lookonchain, huge SHIB transfers have been made from the Binance crypto exchange to four whale addresses over the past 30 days.

 

A fresh whale wallet accumulated 136.86B $SHIB(1.38M) 30 mins ago.

In the past month, $BTC has increased by 9.78%, $ETH has increased by 16.09%, while $SHIB has only increased by 4.86%.

And 4 whales have accumulated a total of 2.39T $SHIB ($24.15M) from exchanges in the past… pic.twitter.com/NKLz8AhGfV

— Lookonchain (@lookonchain) January 11, 2024

 

The last large transaction was 136.86 billion tokens worth $1.38 million. The second transfer was made by TRON founder Justin Sun, who accumulated 577 billion Shiba Inu worth $5.82 million. The third transaction was made by address 0xa656, which accumulated 237.87 billion coins for $2.4 million. The largest transfer was sent from address 0xF6b33, which accumulated $1.44 trillion SHIB for $14.54 million from Binance and Gate.io.

 

What’s happening in the Shiba Inu ecosystem?

According to data from platform IntoTheBlock, large SHIB holders now own 78% of the total circulating supply, and some of them can manipulate the price to their advantage. However, the huge purchases indicate that some whales remain confident in the token’s long-term prospects despite recent market volatility. Meanwhile, the community continues to burn record numbers of coins to increase the value of Shiba Inu to investors and control inflation. Thus,  Ethereum co-founder  Vitalik Buterin burned about 405 trillion tokens sent to him by developers after the launch of SHIB – against the background of this, the price of meme coins soared by 40%. However, Shiba Inu developer Shitoshi Kusama believes the incineration will only make a difference in conjunction with other efforts to expand the project’s ecosystem.

Recently, the Shiba Inu team announced several updates aimed at boosting the adoption of cryptocurrencies. In partnership with D3 Global, it created SHIB name tokens, which will become the basis for the SNS domain name system. Another new project within the Shibaverse will allow users to mint NFTs from physical items in a bid to grow the ecosystem even more.

Tags: Crypto WhalesNFTsShibShiba Inushiba inu coinshibarium
Previous Post

Dogecoin Rally Ahead? Elon Musk Fuels Excitement for DOGE’s Future

Next Post

Optimism (OP) and Cardano (ADA) investors rush to buy into the newly launched Pushd (PUSHD) presale

Related Posts

Pepe Price Outlook: 30% October Drop May Set Stage for Reversal
Meme Coins

Pepe Price Outlook: 30% October Drop May Set Stage for Reversal

October 27, 2025
Gold Pulls Back from Record High as Bitcoin Extends Recovery
News

Gold Pulls Back from Record High as Bitcoin Extends Recovery

October 27, 2025
Bitcoin Steadies Near $110K Despite CPI Uptick, Signaling Market Maturity
News

Bitcoin Steadies Near $110K Despite CPI Uptick, Signaling Market Maturity

October 24, 2025
Featured

Cardano Slips After NIGHT Token Event

October 22, 2025
Binance Beats SEC—Crypto Cheers the Legal Victory
Featured

BNB Price Rises After Robinhood Listing

October 22, 2025
Featured

Trump Envoy in Senate Crypto Probe

October 22, 2025

Press Releases

Bitcoin Miners Outperform BTC by 500% as AI Integration Redefines the Sector
News

Bitcoin Miners Outperform BTC by 500% as AI Integration Redefines the Sector

by Jordan Avery
October 19, 2025

Bitcoin miners have outpaced BTC’s performance in 2025, recording gains of up to 500% as artificial intelligence (AI) reshapes the...

Read more
Bitcoin Falls as $100K Support Faces Pressure After Market Sell-Off

Bitcoin Falls as $100K Support Faces Pressure After Market Sell-Off

October 11, 2025
NFT Market Sees $129M Weekly Sales as BNB Chain Surges

NFT Market Sees $129M Weekly Sales as BNB Chain Surges

September 28, 2025
Ethereum Can Outshine Google Says Vitalik Buterin – Here’s How

Ethereum Can Outshine Google Says Vitalik Buterin – Here’s How

September 21, 2025
XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

XRP Aims for $4 as ETF Buzz Heats Up: Can the Hype Hold?

September 10, 2025
The VR Soldier

© 2024 The VR Soldier

Navigate Site

  • About
  • Contact
  • Privacy Policy
  • Terms and Conditions

Follow Us

No Result
View All Result
  • Featured
  • News
  • Education
  • NEAR Protocol
  • Solana
  • Fantom
  • Yield Farming
  • Reviews
  • Press Releases

© 2024 The VR Soldier