Unmitigated, This Whale Is Selling Shiba Inu Tokens In Tens Of Billions Of Rupiah

Shiba Inu was bought up by whales worth tens of billions of rupiah. (Quantitatives-Unsplash)

JAKARTA – The owner of the largest crypto, or whale, reportedly bought Shiba Inu tokens worth US$1 million or Rp. 14.4 billion. The information was conveyed by whale movement trackers, namely WhaleStats recently. The purchase was made on 5 March.

To date, the cryptocurrency wallet address has a number of cryptocurrencies including Shiba Inu (SHIB), USDT, The Sandbox (SAND), and Decentraland (MANA). The total value of the crypto holdings is worth 109.2 million US dollars or equivalent to Rp. 1.5 trillion.

Reporting from U.Today, the second largest number of holdings after the Shiba Inu is the stablecoin USDT. Unfortunately, the wallet is not listed on WhaleStats' largest Ethereum address list, therefore, there is no way to determine the wallet's performance, and the position of the Shiba Inu specifically.

TradingView reports that the Shiba Inu has entered the local bottom zone of US$0.000023 and has also hit the 200-day moving average line which has acted as a support zone for the token.

Earlier, the SHIB had bounced from it to 0.000028 US dollars. However, the large purchases made by whales could not help push up the price of the meme token.

At the time of writing the token price is trading at the level of 0.00002328 US dollars per token. In the last 24 hours has decreased by 4.2 percent as data reports from Coingecko.