Destination of Crypto: Shiba Inu Whale Transfers Enormous 4,113,777,233,445 SHIB in a Sudden Transaction
An unidentified cryptocurrency investor, known as a whale, has moved trillions of Shiba Inu (SHIB) tokens as the popular memecoin sees a surge in value. On Friday, the whale transferred over 4 trillion SHIB tokens worth $32.86 million from one unknown wallet to another. This transaction comes as Shiba Inu reaches a price level of $0.00000833, the highest it has been since June 22nd. Just the day before, Shiba Inu was trading at a low of $0.00000745, marking a nearly 12% increase in value. However, as of now, Shiba Inu is valued at $0.00000797, reflecting a 1.1% decrease in the past 24 hours.
In addition to the Shiba Inu whale transaction, Whale Alert has also observed large transactions involving other memecoins. Dogecoin (DOGE), a rival to Shiba Inu, has experienced significant movement of tokens. The current value of Dogecoin is $0.0685, down 3.54% in the past 24 hours. Furthermore, an anonymous whale has transferred over 3 trillion Pepe (PEPE) tokens worth $7.2 million from an unknown wallet to the crypto exchange Binance. Currently, Pepe is trading at $0.00000160, reflecting a 3% decrease in value in the past day.
It is important to note that the opinions expressed in this article are not investment advice and investors should conduct their own research before making any high-risk investments in cryptocurrencies or digital assets. The Daily Hodl, where this article originated, is not an investment advisor and does not recommend the buying or selling of any cryptocurrencies or digital assets.
About The Author
