Shiba Inu (SHIB) is no stranger to whales. In fact, a majority of the SHIB in circulation is controlled by big whale wallets. However, a new Shiba Inu whale has just been born. The new whale purchased 3.37 trillion SHIB, all in a single transaction. The tokens are worth an eye-watering $42.76 million.
According to the data on Etherscan.io, the whale came into existence about a day ago. Upon birth, the whale went on and gobbled up trillions of SHIB at one go.
Little information is known about the owner of the wallet in question. It is unclear as to who or what amassed such a large SHIB accumulation. There are questions about whether it was an exchange, an organization, or an individual. However, it does appear that the whale has some information about a forthcoming SHIB event or price change. Therefore, the wallet owner/owners have taken their position on the token.
What motivated the Shiba Inu whale?
2022 has been a fruitful year for Shiba Inu so far. The project has one of the highest numbers of releases. Now, SHIB’s layer-2, Shibarium, is scheduled to be launched sometime this year. Additionally, SHIB’s game, Shiba Eternity has been launched for beta testing in Vietnam. Many expect the game to hit other countries very soon. Furthermore, the project is planning on launching two additional tokens, namely a stablecoin Shi, and a reward token TREAT. However, we do not have any fixed launch dates for the aforementioned launches. Hence, these may be unlikely events to motivate the whale.
However, September is the month for the Milan Fashion Week. As announced earlier this year, popular designer, John Richmond has partnered with Shiba Inu to create some NFTs (Non-fungible tokens). The physical version of these NFTs will be displayed at the Milan Fashion Week. Furthermore, there is a special after-party for SHIB holders at an undisclosed location.
It is possible that the whale has anticipated a pump, in light of the upcoming event.
At press time, SHIB was trading at $0.00001199, down by 5.2% in the last 24 hours.
