JAKARTA - Shiba Inu (SHIB), a dog meme-inspired crypto asset, received new highlights after a mysterious wallet purchased more than 293 billion SHIB tokens in the past 24 hours. According to data from Etherscan, the address 0xEa74 received a SHIB transfer worth 2.84 million US dollars (Rp44.3 billion) from the 0x5a address about 14 hours ago. The address of this receiver never made any transactions before and had no other assets other than SHIB.
It is not yet known who owns this wallet and what its purpose is to buy large amounts of SHIB. However, this transaction caught the attention of the crypto community, which speculates about the possible scenario behind it. Is this a strategic move by crypto whales who want to take advantage of SHIB potential, or is there anything else hidden?
SHIB is one of the popular crypto assets among meme fans, who followed in the footsteps of Dogecoin (DOGE). SHIB was launched in August 2020 with a total supply of one quadrillion token. SHIB is also part of the Shiba Inu ecosystem, which includes other tokens such as LEASH and BONE, as well as a decentralized exchange platform (DEX) called Shibaswap.
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SHIB is currently ranked 18th on the CoinMarketCap list, with a market capitalization of 5.6 billion US dollars (Rp. 87.5 trillion). In the last 24 hours, the price of SHIB fell 1.24% to 0.00000957 US dollars (Rp0.15) per token, while the trading volume rose 9.5% to 120.66 million US dollars (Rp1.9 trillion).
Although the price of SHIB is still far from its record high in May 2021, which is US$0.000090 (Rp1,4), market interest in SHIB does not appear to have subsided. This can be seen from the increase in SHIB trading and liquidity activity, as well as the addition of SHIB to several large crypto assets, such as Coinbase, Binance, and Huobi.
However, SHIB also faces challenges and risks that cannot be ignored. One of them is competition with DOGE, which has a larger fan base and support from well-known figures, such as Elon Musk. In addition, SHIB is also vulnerable to market fluctuations and sentiment influenced by external factors, such as regulation, news, or rumors.
Thus, the purchase of SHIB by this mysterious wallet can be a blessing or a disaster for other SHIB holders. Will this trigger an increase in the price of SHIB or actually raise suspicion and distrust? Only time can answer.
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