According to data shared by Whale Alert, which is known for tracking cryptocurrency whales, a whale who accumulated 2.70 trillion Shiba Inu coins worth $48.34 million from the Robinhood crypto exchange attracted attention. The whale address with the extension 0x40b38765, whose identity is unknown, was announced as the source of the transaction.

According to the information seen on Etherscan, the mentioned wallet address contains Shiba Inu tokens with a total value of 653.52 million dollars. While this huge amount of SHIB reveals how much the whale trusts the meme coin, it also seems to have increased the optimism of small investors.

The said large purchase also created optimism about the future of the meme token. On the other hand, Shytoshi Kusama, known as the lead developer of Shiba Inu, recently made a statement once again to point out the decentralization features of the meme coin.