According to Whale Alert a whale #Shibainu recently bought 4.65 trillion SHIB. This amount of SHIB is worth about $38.39 million. This huge amount of #SHIB was transferred from Bitvavo to personal wallets.
This buying move sparked curiosity in the Shiba Inu community. As a large amount of SHIB is traded, many are hoping for a positive influence on the asset.
One day earlier another big transaction was also made by another Shiba Inu whale. A similar amount of 4.6 trillion SHIB tokens were transferred between wallets.
These large transactions parallel the beginnings of Shibarium, Ethereum's layer 2 blockchain.
To address concerns about property safety, the Shiba Inu team posted “All is Well” on the blog. The article provides clear information about technical issues and security of users' assets.
Will SHIB recover?
Increased attention to SHIB follows whale and Shibarium activities. However, it is still too early to accurately forecast SHIB's trajectory.
However analysis of #Shibainu 's price chart shows that there could be a potential recovery. On the 4h chart, SHIB shows a clear downward trend. This indicates the presence of higher liquidity.
The whale's purchase highlights the Shiba Inu's investor commitment. Such activities highlight their interest in holding SHIB. This could be a positive signal for the price of this asset in the near future. $SHIB