Shiba Inu (SHIB) has been the most attractive coin in recent weeks. His first spike so far came from his official listing on Coinbase. However, the jump was only the beginning of the spike that occurred a few days ago.
The SHIB price went up more than 50% in a day. More remarkably, the following day, it was up 242.9% during the week's chart. Quoted from Coin Quora, the price jumped higher and yesterday it was at USD 0.00002567.
During this period, very interesting transactions took place. According to WhaleStats where users can find coin transfers taking place, there are large SHIB transfers. To be precise, the transfer was 6,178,758,122,373,372 SHIB. 6 Trillion more Shiba Inu coins.
The crypto community is eager to know who predicted this rise and profited from it. Most think this is a transaction from a big fan of token memes -- Elon Musk.
This transfer happened just before the spike seen a few days ago. Upon closer inspection with Etherscan, Coin Quora claims that these 6,000 trillion-plus Shiba Inu coins were transferred over and over again. The coins were moved several more times until they entered another unknown wallet.
It's no secret that Elon Musk is a believer in the potential of cryptocurrencies. In fact, it's becoming increasingly clear how much he loves meme tokens, especially Dogecoin (DOGE).
Just like Dogecoin, Shiba Inu also has a large internet following and a very active community. SHIB is often dubbed the 'Dogecoin Killer'.
Back again to who bought the 6,000 trillion Shiba Inu coins -- although it's unknown who it was -- obviously he was a lucky man. Most likely, his market analysis was very precise and his instincts were not wrong.
As a reminder, investing in cryptocurrency is not a problem, but cryptocurrency will always have ups and downs, so you must make transactions or investments wisely. Anyone who has crypto money, must be on standby 24 hours to keep an eye on their property. Once down, immediately bulldozed. Once up, don't miss to take advantage.
