A super large whale buyer $SHIB has become popular recently because it bought a lot of meme coins, especially SHIB, on Friday.

According to the data on the chain, this guy suddenly increased his holdings of SHIB worth $21.72 million after a month of inactivity!

People in the market are speculating that the price of SHIB is likely to continue to rise, after all, so many big buyers are hoarding, and the cryptocurrency market is generally bullish in the fourth quarter.

According to the chain data released on November 29, this Shiba Inu whale bought 98.196 billion SHIB from the Coinone exchange in one go, spending $2.54 million. Moreover, this address had been silent for a month before, and it was really surprising that it suddenly took action this time.

Since June this year, this address has bought 83.63 million Shiba Inu tokens from the same exchange, with an average price of only $0.00001842, which is really a bargain.

Now, the value of SHIB held by this buyer is close to $22 million. Seeing so many big guys hoarding goods, everyone thinks that the price of SHIB will rise.

Speaking of the price of SHIB, the current trading price is about $0.00002595, which has risen by almost 2% in one day. This week and this month, it has risen by 5% and 39% respectively.

Judging from the actions of these big buyers, SHIB is bullish along with the market's optimistic sentiment. In addition, SHIB's token destruction mechanism is also pushing up the price. CoinGape Media reported that the destruction rate has risen rapidly recently, and everyone thinks that SHIB has a promising future.

CoinGape Media also predicts that the price of SHIB can rise to $0.000037. This prediction is mainly based on the assumption that the price of Bitcoin can rise to $100,000. Everyone thinks that the price of SHIB will rise, and various bullish factors indicate that SHIB is not far from $0.000037.

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