5th Largest SHIB Holder Emerges - Buys 20 Trillion Shiba Inu Coins Worth $176.8 Million

About 14 hours ago, a new whale mined 20 trillion SHIB tokens worth $176.8 million. The transfer makes SHIB investors the fifth-largest holder, according to data on Etherscan.
Another notable thing about these deals is that they happened almost simultaneously. This new SHIB investor's portfolio represents 2% of the Shiba Inu supply. As shown in Figure 1.
However, the whales’ accumulation did not have any significant positive impact on the price of the digital asset. Memecoin gained 1.17% in the last day, but is still down 0.56% on the 7-day chart. Although SHIB's price has risen slightly since May 14, closing at $0.00000883, it opened at $0.00000878.
Shiba Inu marketing team member Lucie Sasnikova recently shared an update on the SHIB metaverse project. In her tweet, Lucie pointed out that the developers behind SHIB: The Metaverse project will be releasing a preview of the hub by September. Notably, four new hubs will be launched namely; Wagmi, Rocket Pond, Royshi and Tech Trench.
(Data source: Mike D.)