Whale Alert has reported a significant acquisition in the cryptocurrency world.
A single investor has purchased over 4 trillion Shiba Inu (SHIB) tokens, marking the largest individual purchase of SHIB tokens in December.
This massive transaction, conducted directly between wallets rather than through exchanges, has sparked curiosity and speculation among traders about the underlying motives.
The SHIB team has announced that the Shiba Inu burn, scheduled for launch via the Shibarium network in January 2024, is driving whales to accumulate tokens in anticipation of a potential price surge due to massive token burning.