Whale Alerts data reveals a series of significant transactions involving the transfer of trillions of SHIB between wallets. The owner of wallet 0xc684d6c5 purchased 4,653,778,173,637 SHIB worth $36,797,424 from a Bitvavo sender on August 21. Later, wallet 0xc684d6c5 transferred approximately $46,696,005 worth of SHIB to 0x3442c07.

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Today, wallet 0x3442cc07 transferred 4,628,778,173,637 SHIB to wallet 0xa9152f7 in its most recent transaction. At the current market price, this total quantity of transferred SHIB is worth $36,601,097. Although the accounts appear to be connected, the identity of the investor(s) remains unknown.

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The analysis of data suggests that XRP whales conduct significant transactions in a consistent manner. Approximately 221 addresses have recently amassed 16 billion XRP. In addition, the number of addresses holding more than 100 million XRP has increased rapidly.

Investors preparing for possible price fluctuations

Recent price movements may be a precursor to robust positive price movements in the coming days, according to analysts. In the coming days, a potential shift in the SEC's position in a lawsuit against Ripple could cause the token's price to surpass $0.6.

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The same holds true for SHIB. With analysis indicating that the SHIB has reached its local bottom, the possibility of currency appreciation has increased. Michael van de Poppe, an analyst, has recently predicted that SHIB will reach $0.000013 in the coming weeks.