Transactions Involving Huge Amounts of Shiba Inu (SHIB) and Dogecoin (DOGE)
Whale Alert has reported on four transactions involving the transfer of five trillion SHIB tokens and five transactions involving 680 billion DOGE tokens, involving a whale who moved 20 trillion SHIB tokens and acquired $175m worth of the token – the fifth-largest holder of SHIB tokens. The whale also moved a total of 3.4 billion DOGE tokens, which equates to an approximate value of $250m, making it the fifth-largest holder of DOGE tokens. Lookonchain tweeted the observation that the individual holding the fifth-largest amount of SHIB and DOGE tokens was probably the same person. Lookonchain claimed that either Jump Trading or one of its associates executed these transactions. Back on May 17, the wallet address “0x73AF” obtained 310K ETH, amounting to $563m, from Jump Trading’s wallets “0x0716” and “0xea3e”, which could belong to Jump Trading or its partners. Both SHIB and DOGE have recently experienced a significant decline in their market performance, with a decrease in value of approximately 20%, although there has been a slight rise in trading volume recently. DOGE has experienced a 2% surge over 24 hours. Its current trading value is $0.073, with the lowest and highest points within the day recorded at $0.071 and $0.074 respectively. The price of SHIB has been relatively stable throughout this week, experiencing a 1% decrease in the past 24 hours.