According to data from Etherscan.io, a new significant SHIB Whale has emerged, acquiring a massive amount of 2.41 trillion SHIB tokens in a single transaction. This purchase, valued at $18.80 million, was made from a Binance-associated wallet called Binance US 2 and occurred approximately 10 hours ago.
The substantial acquisition catapulted the new Whale to the 34th position among the largest SHIB holders. Whale Alert was the first to bring attention to this noteworthy transaction.
In the last 72 hours, the Shiba Inu community witnessed the emergence of two new SHIB Whales. On July 18th, the first new Whale acquired a staggering 4.15 trillion SHIB tokens, amounting to $32.17 million, in a single transaction.
Overall, the top SHIB Whales collectively purchased 6.56 trillion SHIB tokens, valued at $50.97 million, during this three-day period.
Related Reading: Can the Launch of Shibarium Make Shiba Inu Investors Millionaires With $1,000?
What Could be Behind the Recent Surge of Whales in Shiba Inu?
The surge in SHIB Whales’ presence can be attributed to the excitement surrounding the upcoming launch of the Shibarium Mainnet. Set to take place on August 15th and 16th at the Blockchain Futurist Conference, this event has generated significant interest and anticipation within the Shiba Inu community.
The Shiba Inu development team is actively working to maintain the project’s momentum, ensuring that strategic releases and updates are made to boost interest and confidence among investors.
Recently, they made significant improvements to the official SHIB token website, providing more comprehensive project details and showcasing official partners and ecosystem projects. Additionally, the Shiba Inu team has closed the intake form submissions for the highly anticipated Shibarium – Layer 2 solution.
The increasing interest in Shiba Inu is not limited to large investors (Whales) alone; retail traders are also joining the movement. According to Santiment, a reputable market intelligence platform, there has been a noteworthy surge in the creation of new daily addresses for Shiba Inu. Over the past weeks, more than 2,500 addresses are being generated daily, indicating a growing interest and participation from retail traders in the project.
