Shiba Inu Whale Accumulates $10M From Coinbase, Binance Amid SEC's Legal Battle Against Crypto Exchanges
Portfolio Pulse from Mehab Qureshi
A mysterious whale has accumulated 1.5 trillion Shiba Inu (CRYPTO: SHIB) tokens worth $10 million from Binance and Coinbase, making them the largest holder of SHIB, excluding exchanges. This comes amid the SEC's legal battle against crypto exchanges and a 21.4% decline in SHIB's value over the past week.
June 13, 2023 | 6:56 am
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A whale has accumulated 1.5 trillion SHIB tokens worth $10 million from Binance and Coinbase, making them the largest holder of SHIB, excluding exchanges. This comes amid a 21.4% decline in SHIB's value over the past week.
The whale's accumulation of SHIB tokens from Binance and Coinbase could signal increased interest in the cryptocurrency, potentially leading to a short-term price increase. Additionally, the news has already resulted in a 3% increase in SHIB's value since it broke.
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