Shiba

Prime

Arkham

when

Shiba Inu

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 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
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As previously reported by U.Today, the popular meme-inspired cryptocurrency&nbsp;<a href="https://u.today/shiba-inu-lead-shytoshi-will-not-be-surprised-if-this-prediction-by-vitalik-comes-true" rel="noopener noreferrer nofollow">Shiba Inu</a> saw an enormous spike in large transaction volume earlier this week, totaling 9 trillion SHIB. This period was characterized by a roller-coaster of price action for the Shiba Inu token, when its quotes first dropped by almost 30% and then skyrocketed even higher.
The activity among large holders continued when a previously unknown whale attracted attention. Thus, the address "0x4B5" has withdrawn about 220 billion&nbsp;<a href="https://u.today/xrp-and-shiba-inu-shib-show-unusual-correlation-details" rel="noopener noreferrer nofollow">SHIB</a>, which is equivalent to $3.04 million. The accumulation was done in two tranches, with most of the tokens coming 22 hours ago and the rest, specifically 3.55 billion SHIB, coming seven hours later. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="8275edfe-57c7-48c0-b793-9a9972a5131c" src="https://u.today/sites/default/files/inline-images/shibainushib.png">Source: <a href="https://platform.arkhamintelligence.com/explorer/address/0x4B5C95b1d020dEE4B8e8E83078EE93AaE8BCA174" rel="noopener noreferrer nofollow">Arkham Intelligence</a>
As a result, the anonymous entity is already up $114,370 on their&nbsp;<a href="https://u.today/shiba-inu-shib-important-warning-issued-heres-why" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> investment. Moreover, according to Arkham Intelligence, the tokens were initially withdrawn from Coinbase Prime Custody, which suggests that some institution or qualified investor stands behind the unknown buyer. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="8cd1b209-65fa-4826-b683-995f38ffb176" src="https://u.today/sites/default/files/inline-images/shib_238.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Meanwhile, the price of the popular meme-inspired cryptocurrency continues to soar, reaching $0.0000137 at the time of writing, up 2%.
At the very bottom of the recent market shakeout, SHIB hit $0.000011, so we have had a 29% increase in almost three days. And that's aside from the fact that Shiba Inu is already a multi-billion dollar asset. Amazing.

Mystery Shiba Inu Whale Empties Major US Exchange of 220 Billion SHIB

U_Today

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