Shiba Inu Whale Abruptly Moves 2,871,107,065,473 SHIB in One Massive Crypto Transaction

Shiba Inu Whale Abruptly Moves 2,871,107,065,473 SHIB in One Massive Crypto Transaction

Spread the love

A deep-pocketed crypto investor is suddenly moving a massive amount of meme asset Shiba Inu (SHIB) in a single transaction.

According to whale-surveying platform Whale Alert, the wealthy investor abruptly transferred a staggering 2.87 trillion SHIB worth just over $26 million from an unknown wallet to another unknown wallet.

The sending wallet was emptied of all SHIB and only held on to the tokens for just a few hours, according to blockchain search engine Etherscan.

Data from leading analytics platform IntoTheBlock finds that 80% of SHIB’s supply is currently being held by crypto whales or sharks. It also finds that 17% of the Dogecoin (DOGE) rival’s holders are in profit while 74% of them are underwater while 61% of Dogecoin holders are in the green while about 37% of them are seeing red.

According to blockchain tracking service WhaleStats, SHIB is the top holding among the world’s richest 1,000 Ethereum (ETH) whales.

WhaleStats’ on-chain data reveals that the top 1,000 ETH whales hold a combined $32.1 million worth of SHIB. Their next highest holding is oracle providing blockchain Chainlink (LINK) at $11 million, followed by gaming metaverse protocol Decentraland (MANA) at $6.7 million.

At time of writing, SHIB is changing hands at $0.0000095, down about 10% from its week’s high of $0.000010.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/muratart

Related News