Recently, one anonymous wallet has become a notable player by acquiring a vast amount of Shiba Inu (SHIB) tokens.
Massive SHIB Token Purchase
An anonymous wallet has recently made purchases totaling nearly $2.3 million, acquiring 187,860,314,693 SHIB tokens. The first two transactions occurred a week ago, followed by a much larger purchase 18 hours ago.
Accumulation Concentration in Wallet
Each block of purchases amounted to 15.53 billion SHIB, equivalent to $192,000. Additionally, smaller tranches of 8.58 billion and 8.96 billion SHIB were added. Considering previous accumulations, the wallet now holds nearly 188 billion SHIB tokens, which is significant compared to global market flows.
SHIB Price Reaction to the Market
Despite the significant purchases, the price of SHIB in the market decreased by 2.3%, currently standing at $0.0000121. The current support level is $0.0000110, while resistance levels are above at $0.0000169, $0.0000205, and $0.0000297.
The anonymous wallet that made these large purchases has quickly established a strong position within the Shiba Inu community, highlighting the market's volatility and interest in tokens during this period amid a general price decline.
