Shiba Inu Whale Buys 50 Billion Shib Coins As The Price Continues To Dip

Shiba Inu cryptocurrency has one of the most loyal and active crypto communities on the planet. The community supporting Shiba Inu coin identifies itself as ‘ShibArmy’.

Shiba Inu has been the darling cryptocurrency of Reddit and Twitter traders. It has given phenomenal returns this year but it seems like the momentum is now slowing down.

Shiba Inu is down almost 17% since the past week and this has presented a very good ‘buy the dip’ opportunity for many who believe in the future prospects of the Dogecoin-inspired meme-currency.

1.67 Trillion Shiba Coins

Recently, a Shiba Inu whale purchased Shib coins worth $1.8 million.

Buying 50 billion Shiba Inu tokens, the total holdings of the whale now account up to $59.6 million, which equals 1.67 trillion Shib coins in total.

This move comes after another whale purchased 100 Billion Shiba Inu coins on Tuesday as the price slumped amidst a wider crypto market sell-off. The SHIB community, however, remains optimistic about the future of their favorite meme-coin. The biggest whale of Shiba Inu holds more than 410 trillion of the coin.

ShibArmy Invites Jeff Bezos

In November, the meme coin tumbled by as much as 21% after a big holder moved $2.3 billion worth out of wallets. ShibaArmy has also recently invited the second-richest man of the world Jeff Bezos to join their community.

The rival of Shiba Inu, Dogecoin, is supported by Elon Musk who is currently the world’s richest man. He has claimed to be the world’s first trillionaire with his three top investments – Tesla, SpaceX, and Dogecoin. However, the Shiba Inu community has now launched their #WeWantBezos campaign to prove Elon Musk wrong.

The campaign was launched by Erik Peterson on that asks the ShibArmy to invite/welcome Jeff Bezos to their community.

What do you think about the whole story? Tell us your thoughts in the comments.

Shaheer is a Crypto, Finance, and Entertainment journalist at Clout News. He enjoys keeping up to date with industry happenings and gossips, thereby enabling him to report well-researched and latest stories to our readers.

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