This has been noted to be a flaw as it leaves the market for the token vulnerable to market manipulation. This is evident as around 89.33% of the circulating supply of SHIB is in the grips of just 100 wallet addresses according to data from CMC. We will reach the moon soon, reads a gigantic digital billboard in Times Square shown in viral tweets. The reasons are myriad, with an announcement of a Binance listing and tweets of what looked like an advertisement in New York City both contributing. The world’s largest cryptocurrency exchange Binance by trading volume has announced a massive giveaway of 100,000 worth of Shiba Inu (SHIB) tokens for new users. Shiba Inu, the dog-themed cryptocurrency, has soared over the past 24 hours. Belfort made the statement in his recent interview with a UK-based tabloid, The Sun.Īnother fear has been that the majority of SHIB tokens are currently in the hands of whale investors. Binance Launches 100,000 Shiba Inu (SHIB) Giveaway Campaign For New Users. The former Wall Street trader adds that their founders should even be imprisoned. One such opponent is Jordan Belfast, nicknamed “the real Wolf of Wall Street” for stealing thousands of dollars in fraudulent stock sales, Belfast says he believes cryptocurrencies like Dogecoin (DOGE) and Shiba Inu are completely fraudulent. Despite this, some key players still have strong objections to the growing popularity of the joke coin. It is clear that the meme coin has become highly popular both among investors and in the community. Not everyone thinks Shiba Inu should be so popular Just last week, the wallet added 28 billion SHIB worth over $1.1 million to bring its total holding to over 1.2 trillion SHIB tokens. One Ethereum whale wallet dubbed ‘Gimli’ has been one of the investors on a SHIB accumulation spree. Whales On SHIB Accumulation Spreeĭespite struggling in the market, SHIB is currently the ninth most purchased and most sold token among the top 1000 BSC wallets.Īmid whale wallets on the Ethereum network, the story is rosier as SHIB continues to maintain around 8.74% dominance in the biggest holding of the top 1000 Ethereum wallets by dollar value as they hold close to $2 billion worth of SHIB tokens cumulatively. However, the dog-themed coin has been striving to stage a rally on the day. According to data from CoinMarketCap (CMC), SHIB is down around 35.5% in a 30-day time frame. But, after a few days, you notice that the Crypto trading device is missing from your home. Suddenly, you hear that hackers seized all pieces of that information, and you are still careless about the incident. The purchase is coming at a time when other whale-level investors have been buying up the dog-themed Shiba Inu token which is currently in a dip. Suppose, you are staking 50B Shiba Inu in Binance exchange at 33 annualized interest, and you are so happy. The wallet currently holds BNB worth circa $585,016.44, and other 84 ERC-20 tokens on the Binance Smart Chain network worth around $499 million. The whale paid $3,799,999 for the tokens. According to mega crypto investors monitoring tool, WhaleStats, the second biggest Binance Coin (BNB) wallet bought approximately 100 billion SHIB tokens. The trend of whales making big splashes in the market continues, especially for Shiba Inu (SHIB). The price of SHIB however continues to struggle.Please note: SHIB is temporarily only available for. Binance.US users can now start depositing BUSD, USDT, and SHIB to their wallets in preparation for trading to go live. The purchase comes amidst a SHIB buying spree among whales. Trading for SHIB/BUSD and SHIB/USDT trading pairs will open on Wednesday, Septemat 9:00 am EDT / 6:00 am PDT.A BNB whale wallet just bought around 100 billion SHIB tokens.We have a wide range of tools to help investors make smarter decisions when investing in stocks, options, and cryptocurrency. InvestorsObserver provides patented technology to some of the biggest names on Wall Street and creates world-class investing tools for the self-directed investor on Main Street.
Each rank provides the needed information to determine a cryptocurrency's overall suitability for potential investment. Each cryptocurrency is evaluated based on risk, short-term technical, long-term technical, volatility, and sentiment factors.
InvestorsObserver's Crypto Alerts are based on our proprietary scoring methodology. (Note: You may have to copy this link into your browser then press the key.) 21, 2021 /PRNewswire/ - InvestorsObserver issues critical Crypto Alerts for SHIB, BTC, BNB, SAND, and ETH.Ĭlick a link below for an in-depth cryptocurrency analysis report to see how InvestorsObserver's proprietary ranking system rates these cryptocurrencies.
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