• The fifth largest holder of SHIB and DOGE could also be associated.
• A pockets with handle ‘0x73AF’ has transferred 20 trillion SHIB tokens.
• The inflow of Ethereum expands the SHIB & DOGE coin puzzle.

look on chainBlockchain analytics platform has speculated a correlation between two of the most well-liked memecoins within the crypto house: Shiba Inu (SHIB) and Dogecoin (DOGE). His fifth-largest holder of SHIB and DOGE could also be associated, and there are strong indications that the well-known buying and selling agency Leap Buying and selling or considered one of its companions is concerned.

Simply 12 hours in the past, a sequence of great transactions allegedly shocked the cryptocurrency neighborhood. Lookonchain’s evaluation exhibits {that a} pockets at handle ‘0x73AF’ transferred his 20 trillion SHIB tokens price $176 million to deal with ‘0x40B3’. In consequence, “0x40B3” rose quickly to develop into his fifth largest holder of SHIB.

On the identical time, one other occasion occurred within the DOGE space. One other pockets ‘DDuX’ he executed 4 transactions, sending 3.4 billion DOGE (equal to $248 million) to the handle ‘DEgD’. In consequence, “DEgD” climbed up the rankings rapidly and gained his coveted fifth spot amongst DOGE holders.

The plot is even darker as Lookonchain observations reveal hyperlinks between SHIB and DOGE transactions and big Ethereum (ETH) inflows. “0x73AF” obtained a staggering 310,000 ETH price $563 million from two wallets related to bounce buying and selling, specifically “0x0716” and “0xeA3e”. These wallets are suspected to be inside addresses belonging to Leap Buying and selling or its trusted companions.

With all eyes on SHIB and DOGE, the stage is ready for an thrilling chapter within the ongoing meme coin story.