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ETH Whale Grabs Over 153 Billion SHIB

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Over 153 billion Shiba Inu tokens have been added to a wallet named after a Lord of the Rings character, while SHIB is in the red

A Twitter account dedicated to Shiba Inu news has spread the word that an Ethereum whale with a wallet named after a Lord of the Rings dwarf—”Gimli”—has added a staggering amount of SHIB to his/her wallet.

Over $10 million worth of SHIB bought

A whale who holds 2,405 Ethers has added a mind-blowing 153,048,520,476 SHIB tokens to his wallet, 0x203520f4ec42ea39b03f62b20e20cf17db5fdfa7. That amount of crypto is worth $10,982,761 at the current Shiba Inu exchange rate, while the coin is trading in the dip and is worth $0.00006953.

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The last time a whale bought such an enormous amount of Shiba Inu meme tokens was a month ago; a rally began that pushed the coin over 300% within a single week.

Whales become increasingly interested in Shiba Inu

As reported by U.Today previously, several large crypto holders, known as whales, have become interested in the second-largest meme crypto and have been buying large lumps of it.

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The largest stashes of SHIB were bought approximately a month ago. Back then, a whale first grabbed six trillion SHIB and then, two days later, added 276 billion SHIB to that in three transactions that were pulled off within just several hours of each other.

On Oct. 15, more whales bought SHIB. Several massive transactions were noticed, carrying an overall sum of almost 75 million SHIB, when the coin was in the red after losing $600 million of its market capitalization value.

Aside from that, another 28 billion SHIB were purchased by anon whales as the coin traded on a $0.000046 low.

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SHIB token spikes to an ATH

Five days ago, Shiba Inu surged to a new all-time high, hitting $0.00008845. Since then, the coin has been declining.

It has dropped to the current level of $0.000069 with a market cap value of $38,177,835,677. However, it remains the holder of ninth place on CoinMarketCap, while Dogecoin, its major rival, is sitting in 10th place with a market cap of $35,951,491,724.

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Healthcare Company Adds Shiba Inu to Its Balance Sheet

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A Toronto-based healthcare company now holds Shiba Inu on its balance sheet.

Ask The Doctor, a Canadian online healthcare company, has added $1.5 million worth of Shiba Inu to its balance sheet, according to an announcement posted on its Twitter account.

Kraken facilitated the seven-figure buy. As reported by U.Today, Shiba Inu started trading on the San Francisco-based cryptocurrency exchange on Tuesday.

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The medical information website will also begin accepting the meme cryptocurrency with its healthcare partners within the next three days.

It already allows clients to pay with Dogecoin for certain services in the U.S. and Canada.   

The Toronto-based company was launched in 2010, allowing its clients to connect with medical professionals via text messages or video streaming. Notably, its list of co-founders includes former NBA player Israel Idonije and former NBA star Dikembe Mutombo.

In 2016, Ask The Doctor started accepting Bitcoin payments, becoming the first healthcare company around the globe to embrace crypto.

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The reason for adding the new payment option was to offer customers who share sensitive medical data more privacy.

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Shiba Inu Coming to Brazil’s Largest Crypto Exchange

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BBrazil’s Mercado Bitcoin is set to add support for Shiba Inu on the first day of December.

Mercado Bitcoin, the largest cryptocurrency exchange in Brazil, has announced that Shiba Inu will become available for trading starting from Dec. 1.

The token is yet to be added to the trading platform at the time of writing.

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The announcement was accompanied by a video of a Shiba Inu dog in military gear.

After listing SHIB, Mercado Bitcoin will also add support for Cosmos (ATOM), Polkadot (DOT) and Loopring (LRC) later this week.

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 2TM, the parent company of the number one exchange in Latin America, raised another $50.3 million in late November. This occurred just months after raking in $200 million in July during a Series B investment round spearheaded by Japanese conglomerate SoftBank.

Last month, Korbit became the first cryptocurrency exchange to list Shiba Inu in South Korea.

Kraken, one of the world’s top exchanges, also added support for the top token earlier this week.

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New Shiba Whale Buys $38 Million Worth of Tokens

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Another whale appears on Shiba Network after token drops from local high and consolidates

New Shiba Inu whale appears on the network after purchasing $38 million worth of tokens. The whale newcomer has bought 850 billion tokens while it was losing 5% of its previously gained value.

The transaction was made 15 hours ago, while the token had just begun its correction and was trading at $0.000048. Such strong buying power, unfortunately, could not push SHIB further up and fuel the local uptrend.

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With more whales entering the market, Shib’s fundamental background is continuously developing while the price on the market seems to struggle to break through the $0.000046 area.

Other whales also remain in the Shiba Inu sea by holding more than $2.3 billion worth of tokens while previously owning only about $1.8 billion. The change in the trend appeared shortly after the global cryptocurrency market correction.

Transaction Data
Source: WhaleStats

Most whales have entered Shib with a large discount of 15% compared to the previous trading range. Whales have also become an absolute majority on the chain by buying up 72% of the circulating supply, which puts Shiba mostly in the hands of large wallets.

At press time, Shiba is trading at $0.000046 with 3% of the daily loss. Additionally, the token is losing 15% from its previous high of $0.000054. The token failed to continue its rally and is trading at the local support, while on-chain data suggest a rapid drop of trading volume, which indicates that traders have not yet decided the future direction of the asset’s price.

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