Recently, a very interesting incident has come to light in the market of Shiba Inu (Shib). According to on-chain data, in the last 24 hours, a Mysterious Investor has purchased about 131 billion shibs from the Crypto Exchange bybit. Whose price is equal to about dollars according to the current price of Shiba Inu Token.
This investor now only holds only Shiba Inu Token, whereas earlier there were about 150 Eth in this wallet, which is now equal to about $ 420,000. This big purchasing has raised many questions in the Crypto Community, because this investors have bought shibs at a time when Shiba Inu Worth dropped from about 30% to 40% Is.
Shiba Inu Worth Flowing
Shiba Inu Worth has recently seen very big ups and downs. Shib Worth declined by about 40% from Saturday to Monday, a major decline. Subsequently, Shib Worth showed recovery in the next two days, but its price still continues to decline. Currently, Shiba Inu Worth is trading around $ 0.00001591, with a decline of 2.53% in 24 hours.
Shiba Inu Mysterious Investor Steps and Market Status
This large shopping of Mysterious Investor is seen opposite to the normal trend of the market. As the on-chain data provided by Arkham showed, on February 5, the bybit had an 83 billion shib flow and transfer of 1.57 trillion shib (about $ 24.95 million) on Bybit’s hot wallet “0xf89”. Was done Thus, this major purchases of investors shocked many, as this happened when Shib was going on a decline.
What will be the future of Shib?
Now the question is whether it will maintain Mysterious Investor Shib in its holding or will soon sell these tokans to take advantage of the growing price of Shiba Inu. There are still major ups and downs in the market and it has made Shib’s investors and traders very alert. At the same time, it will also be seen whether the big investors will follow this trend or take a separate route to avoid the decline in Shiba Inu Worth. This incident has created a new stir in the crypto market and it will be interesting to see its results in the coming days.
Conclusion
The major purchases of this Mysterious Investor have started speculation about the future of Shiba Inu. Despite the ongoing decline in the market, the move of this investors reflects the reversible trend. Now it will be interesting to see if Shib Worth Improves and other big investors follow this trend or they adopt separate strategy to avoid the decline in the market.
