An investor who bought SHIB for $ 8,000 in August 2020 moved half of his coins to four addresses. Now his investment is estimated at $ 5 billion.
On the night of November 3, the owner of a fortune in SHIB made four transactions to transfer 10,000,000 100,000 coins to various addresses. At the same time, previously, these wallets did not participate in any transactions. It is possible that the owner of the tokens decided to “decentralize” their funds in order to secure them. The total value of the coins moved was $ 2.76 billion.
Recall that over the past 12 months, the Shiba Inu rate has grown by 103 million percent. Thus, the initial investment in the amount of $ 80,000 turned into a fortune of $ 5 billion. At the same time, over the past month, the rate of “dog cryptocurrency” has grown by 760%. At the end of August, the capitalization of Shiba Inu exceeded $ 50 billion, but today it has decreased to $ 35 billion.
Now two “dog coins” – Dogecoin and Shiba Inu – are competing for the 9th line in the Coinmarketcap rating, their capitalization differs by only 3%. The “old man” DOGE is still higher, but the “young dog” has already stepped forward several times, taking even 8th place for a short time.
Recently, former NSA employee Edward Snowden warned investors about the dangers of investing in Shiba Inu and other “dog coins”. This game can end at any time.
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