A whale address bought millions of SHIBs as the Shiba Inu tumbled to lows.
Some of the Shiba Inu whales have withdrawn more than 4% of their total assets and decided to move their funds to Tether. As for this whale, it acquired SHIB either through an OTC deal or through a private transaction for $36 million. The value of the transaction in Shiba Inu is 850 billion tokens.
The other day, the Shiba Inu managed to climb 23%, but quickly lost all its gains in a matter of days. The total loss from the top is 50%. Of other meme tokens, Floki Inu lost 59% of its value and Dogecoin lost 35% from its local peak.
At the time of writing, the Shiba Inu was trading at $0.00004273