20 Trillion SHIB Tokens Sent Back! Shiba Inu Coin On Skyrocketing To $0.01soon!!
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Shiba Inu investors now have who held through the vulnerability of the token since May of now have a reason to pat themselves on the back. A line of positive Shiba Inu has compensated the investors. SHIB has risen over 260% over the previous week alone which is a fantastic move for any digital asset.
The past few weeks have been quite interesting for Shiba Inu. Its initial surge came from its official listing on Coinbase. But that leap was just a preview of the surge that occurred in the first week of October.
Shiba's price rose by over 50% in a day and has been since sustaining at a level higher than $0.00003. During this rise, a massive number of Shiba was transferred. To be accurate, from one Ethereum wallet to another 6 trillion SHIB were transferred. Thanks to Etherscan we can further track the funds upon closer inspection.
The 6 trillion+ SHIB was moved once more. The assets were relocated multiple times until they settled into another unknown wallet. The ShibaArmy is curious as to who predicted this rise and traded 6 trillion tokens in Shiba’s golden hour.
While it can be any person in the community, the ShibaArmy considers a prominent figure in the industry, a person who has been stanning meme tokens for a long time — Elon Musk.
It is no secret that Elon Musk believes in cryptocurrencies. Musk’s affection for meme coins is also apparent, especially Dogecoin. But is it too much of a stretch to suppose that he'd show interest in SHIB also?
Similar to Dogecoin, Shiba Inu also has an active community along with a massive internet following. Dogecoin may be the favored token by investors like Mark Cuban for now, but this could always change. After all, SHIB is nicknamed the 'Dogecoin Killer'.
Regardless of the inescapable belief that Tesla CEO Elon Musk may have recklessly inflated the price, blockchain data indicates that the apparent "illogical" rise may have been triggered by movements by SHIB "whales," who own significant amounts of SHIB, which were followed by regular traders.
Nayib Bukele's tweet, El Salvador's President, also caused more interest for SHIB. The tweet said he has a surprise for everyone along with dog print emojis. This got the crypto and SHIB community enthusiast. Some guessed that El Salvador might accept SHIB like it accepted BTC.
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