(Etherscan) A crypto block on Etherscan made a single transaction of about 20 trillion Shiba Inu coins valued at least $1.13 billion.
The purchase of Shiba Inu tokens originated at crypto.com and was made on Sunday November 7.
It is not clear whether the purchase will cause a spike in Shiba tokens as it has in the past been primarily driven by sentiment rather than fundamentals.
The huge purchase could reportedly offer a positive market signal, but may also signify a red flag of coordinated price manipulation by whales who control almost 66% of Shiba Inu coins in circulation.
The purchase happens when the Shiba community is calling for a listing of the meme token on Robinhood, with the petition now above 500,000 signatures. The number is half the target of 1 million.
SHIBUSD is up +0.18%.
