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Crypto Whale

Whales Suddenly Move Over $2,200,000,000 in Ethereum As Miners Amass the Second-Largest Crypto Asset

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Whales are suddenly moving more than $2.2 billion in Ethereum (ETH) this week across 11 separate transactions, according to the crypto tracker Whale Alert.

The moves come as ETH’s price surges and Ethereum miner balances continue to skyrocket, blockchain analytics firm Santiment reports.

“#Ethereum is up to $3,480, the coin’s highest price in 16 days. Notably, miner balances have continued to skyrocket.

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532.75k $ETH is the largest balance held by miners since July 13, 2016. The value of these coins is $1.85B, easily an #AllTimeHigh.”

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Source: Santiment/Twitter

ETH is trading $3,588.59 at time of writing and is up more than 28% in the past week, according to CoinGecko.

Whale Alert notes that in the largest of the tracked transactions, an unknown wallet transferred a whopping 227,371 ETH worth more than $784 million to another unknown wallet on Tuesday.

Also on Tuesday, a third unknown wallet sent 50,983 ETH worth more than $180 million to a fourth unknown wallet.

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On Monday, an unknown wallet transferred 105,100 ETH worth more than $353 million to Binance.

Here are some of the other notable ETH whale transactions from the past few days, including several significant transfers to and from crypto exchanges:

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SHIB

Whale Grabs 74.9 Million SHIB On the Dip After It Dropped $600 Million of Its Market Cap

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According to an article by FXstreet, a large crypto investor has purchased a massive amount of Shiba Inu meme cryptocurrency—74.9 million SHIB tokens—after the price of the asset plummeted on Oct. 14 and SHIB declined from 14th place to 21st place on CoinMarketCap.

Since Oct. 11, Shiba Inu has lost around two billion dollars of its market capitalization, dropping from $12 billion to $10 billion.

Whale buys over $1.9 million of SHIB

Recently, the meme-coin inspired by the Shiba Inu dog breed and proudly called a “Dogecoin killer” by its growing community has become a crypto trend and demonstrated a rally of more than 300% in one week.

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On Oct. 7, it reached a high of $0.00003314. However, it was still almost 30% below its all-time high of $0.00004999 achieved on May 10.

By now, SHIB has declined by 31.95%, trading at 0.00002404 on Binance.

Meanwhile, as the coin plunged, a cryptocurrency whale invested almost $2 million, buying Shiba Inu. As reported by U.Today earlier, this is not the first whale to purchase eye-popping amounts of SHIB recently.

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Before the aforementioned rally started, another anonymous whale purchased the first six trillion SHIB in a single transaction, and two days later bought three lumps that totaled 276 billion coins. Experts believe that these purchases were among the reasons for SHIB’s 300% rally.

Shiba Inu listed in India, Turkey, Austria

As reported by U.Today earlier, Shiba Inu has recently been listed on the oldest crypto exchange in India—ZebPay—which serves over four million customers on a regular basis.

Last week, support for SHIB was also added by Austria-based fintech company Bitpanda, which was funded by billionaire Peter Thiel’s venture investment firm. Recently, the news has spread that the largest crypto exchange in Turkey, BtcTurk, also plans on listing this Dogecoin rival soon.

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As a reminder, earlier this year, two major crypto exchanges also began trading SHIB—Coinbase (in September) and the Binance crypto giant (in May, when the coin reached its all-time high).

According to recent data published on Twitter, SHIB has been getting more mentions than Bitcoin, Ethereum, DOGE, ADA and other top 10 altcoins. Besides, a lot of investors in meme-coins prefer Shiba Inu to FLOKI.

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Crypto Whale

Multiple Crypto Whales Grab Over $46 Million of SHIB Recently: SHIB Community

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SHIB community states that multiple crypto whales have been purchasing large amounts of Shiba Inu in the past 14 days

PAC Protocol CEO David Gokhshtein has taken to Twitter to announce the news reported by U.Today over the weekend: a crypto whale has been grabbing trillions of SHIB since Thursday.

Multiple whales are buying up SHIB

In the comment thread, one SHIB activist tweeted that multiple whales have been buying Shiba Inu over the past two weeks. The largest purchase so far has been worth $46 million—approximately six trillion SHIB.

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This jaw-dropping amount of SHIB was purchased on Thursday, according to Twitter profile @WhaleStats.

Later on, on Saturday, the same whale acquired 276 billion SHIB in three massive lumps: 116 billion, 159 billion and an extra billion SHIB. The transactions were made within just a few hours of each other.

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Earlier this year, whales made substantial purchases of Shiba Inu several times as well: in the summer, when SHIB was added by the eToro platform, listed by WeBull and Coinbase Pro, and in September, when Coinbase launched SHIB trading.

Now, the community is hoping that the Robinhood app will also choose to add the SHIB meme currency soon. One of the reasons for that is the platform’s announcement to start testing cryptocurrency wallets in October. Besides, the petition on Change.org that asks for SHIB to be listed by the app team has already collected almost 200,000 signatures.

Canine coins stop responding to Elon Musk’s tweets

Earlier today, the richest person in the world, Elon Musk, head of Tesla and SpaceX and co-founder of PayPal, tweeted a picture of his Shiba Inu puppy named Floki.

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He had announced the posting of his dog’s picture in advance. Still, the canine coins—Dogecoin, Shiba Inu and Floki Inu—have hardly risen on that tweet. This may be a sign of Elon Musk’s fading impact on the prices of these meme cryptocurrencies.

The same occurred in 2021 when Musk tweeted memes about DOGE; the coin’s price hardly reacted to that. In previous years, Musk’s tweets have been the main catalysts for Dogecoin’s growth

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Crypto Whale

Whale Says Sector of Crypto Markets at ‘Massive Discount’, Issues Price Warning to Fellow Traders

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A popular crypto analyst, trader and whale is issuing a warning to traders.

The pseudonymous trader, known in the industry as Crypto Messiah, says in a new interview with Hxro Labs that it may be some time before the next leg of the crypto bull run kicks off.

“I definitely think that people are overly excited, too soon. If we are going to rally again, historically if this is the double bubble, then we have months left to go, I think, before we start moving up again.”

Crypto Messiah also, however, thinks assets in the decentralized finance (DeFi) sector of the crypto markets are currently priced at a serious discount.

“I do think DeFi is at a massive discount… One of the interesting things about DeFi is that DeFi can run when other things aren’t. If you looked at DeFi summer [last year], DeFi was pretty much just running by itself. Altcoins weren’t running with DeFi. Or at least at the start of DeFi summer.

I remember altcoins all kind of went like 2x. And then DeFi took the stage, and it was DeFi, DeFi, DeFi.”

The analyst cites Aave (AAVE) as one of the top projects in the DeFi space. He says traders will likely have ample time to accumulate DeFi assets before the market picks back up again.

“If it is at accumulation range you will have time to buy it and also, if it’s not, I highly doubt this is just going down, and now we’re going straight back up to all-time highs.

They’re going to need to confirm that the bottom is in somehow. You can do that a couple of different ways. You can put in some kind of bottom formation, or you can establish some kind of accumulation range.” 

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