A big investor bought 850 billion Shiba Inu coins

23-11-2021

An unknown crypto-investor bought meme cryptocurrency Shiba Inu for a total amount of $36.8 million. This transaction was revealed by WhaleStats service, which tracks large transactions in Ethereum network. 

 

The total amount of purchased cryptocurrency is 850 billion tokens. At the same time, the rate of the coin at the time of the transaction was 2 times lower than the historical maximum price of Shiba Inu. On 23.11.2021, the altcoin was trading at $0.000043. The maximum price the coin has reached in October of the current year, when its value exceeded $0.000086. 

The popularity of Shiba Inu is confirmed by other large purchases made by investors recently. For example, on 11/17/2021, one cryptotrader made a token purchase transaction worth $8.3 million. 

On 11/22/2021, former CIA employee Edward Snowden tweeted that he was concerned about the serious attitude of traders toward meme-based cryptocurrencies such as Shiba Inu and Dogecoin. The expert is concerned that many investors consider such altcoins a promising asset to invest in. Snowden warns traders of the possibility of losing invested funds.

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