Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Shiba Inu Army Rallies For SHIB Pump, ETH Whale Buys 28.2 Billion Shiba

CryptocurrencyDec 03, 2021 02:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters Shiba Inu Army Rallies For SHIB Pump, ETH Whale Buys 28.2 Billion Shiba

  • ETH whale “Gimli” buys 28,236,296,316 SHIB ($1,169,829 USD).
  • Shiba Inu army still awaiting Robinhood (NASDAQ:HOOD) listing after Kraken.
  • SHIB’s price is expected to pump soon.

Right after Shiba Inu got listed by Kraken and gained close to 30% within 24 hours, there has been news of whales accumulating the dogecoin-inspired memecoin in huge quantities. Today, an Ethereum whale ‘Gimli’ just bought over $1.1 million worth of SHIB according to a Twitter (NYSE:TWTR) WhaleStats.

So far, Shiba Inu has been listed by the top 10 exchanges in the crypto space. Hence, the SHIB community is expecting a huge pump in the coming weeks. While some are bullish on SHIB gaining back its momentum, others feel bearish on the memecoin.

As per reports, the whale’s transaction ranks 246 on WhaleStats. In detail, the ETH whale bought 28,236,296,316 SHIB, representing $1,169,829 in fiat. At the time of writing, Shiba Inu still ranks as the 13 most valuable coins in the world on CoinMarketCap.

This is not the first time Gimli would acquire SHIB, just a few days ago, the crypto whale also purchased 24.8 billion SHIB tokens worth $1 million. Despite the purchases by these whales, it is still a matter of concern for many who have voiced out their worries over a high concentration of coins in very few hands, therefore, prompting a fall in price when they decide to pull out their funds.

Shiba Inu is, however, down by 2.70% and trades at $0.00004132. Since the coin has been listed on Kraken, the SHIB army still awaits that of Robinhood. Thus far, nothing concrete has been heard about the listing from the large exchange, even as the petition for the retail-trading platform to list SHIB has reached over 540,700 signatures.

Continue reading on CoinQuora

Shiba Inu Army Rallies For SHIB Pump, ETH Whale Buys 28.2 Billion Shiba
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email