A New Altcoin Whale Is Born: Crazyly Bought From This Coin!

A new altcoin whale marked the day with a $33 million process. The acquisition comes after a 1,400% increase in token burn rate.

New altcoin whale moves $33M in a single run

Etherscan information shows an astonishing amount of Shiba Inu migration in the last 12 hours. However, the process that marked the day was the SHIB, worth $33 million, which arrived two hours ago. A massive altcoin whale has moved 3.3 trillion SHIB tokens in a single process.

Whale Alert reported that a total of 3,363,854,488,205 SHIB tokens were transferred roughly two hours ago. Etherscan does not provide details of the SHIB measure held in the sender’s or recipient’s wallet. However, the entire fund was transferred to a wallet that has been empty until now. This gives rise to rumors that a new whale has been born.

Coinbase transfer

In another process today, an anonymous whale transferred SHIB for $1.5 million. This fund was sent to the cryptocurrency exchange Crypto.com for sale. The processes come from Coinbase’s wallets. Now the whales are active again as SHIB adds another zero to its price following a recent drop. It seems that some whales turn the fall into an opportunity.

However, the SHIB accumulation did not immediately affect the price. Currently, the Shiba Inu price trades at $0.000009933 with a 24-hour process volume of $124.41 million. Compared to the last 24 hours, it was down by around 0.15%.

Latest Shiba Inu news

Recently, two innovative consumer real estate brands Pacaso and Condos.com partnered with Bitpay to capitalize Shiba Inu payments to buy real estate investments. On the other hand, mainstream adoption of the Shiba Inu is growing rapidly. Koindeks.comAs you follow, SHIB is now used as a payment method on Amazon and Netflix.

Canadian-based crypto payment infrastructure company FCFPay pointed out that users can now use SHIB, BONE and LEASH tokens in the Shiba Inu ecosystem to shop on Amazon and pay for Netflix subscriptions via the FCFPay Visa crypto card. FCFPay added foothold for SHIB Trifecta in July this year. The listing on the platform enables more than 5 million online stores in 195 countries to accept Shiba Inu.

In the middle, recent The Giving Block partnership paves the way for Virunga National Park, Africa’s oldest national park, to accept donations with SHIB. However, Germany-based software company SAP SE has also recently collaborated with BitPay. In this context, it allows its employees to receive some of their salaries as SHIB.

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