Several huge crypto wallets have simultaneously transferred trillions of the top memecoin Shiba Inu (SHIB) in a flurry of transactions.
Whale-watching bot Whale Alert initially witnessed consecutive Shiba Inu transactions to the tune of 6,087,952,185,06 SHIB worth over $65 million.
Whale Alert first caught the transfer of 1,920,298,469,247 SHIB worth $20.51 million from an unknown wallet to another unknown wallet. The Shiba Inu whale shelled out $1.37 in transfer fees to relocate the massive SHIB trove.
In a matter of seconds, a separate address moved 2,247,355,246,569 SHIB worth over $24 million from a wallet of unknown origin to another wallet of unknown origin.
? 2,247,355,246,569 #SHIB (24,008,496 USD) transferred from unknown wallet to unknown wallethttps://t.co/r50rH80kYl
— Whale Alert (@whale_alert) April 3, 2023
The SHIB investor with deep pockets paid just $1.37 in transfer fees to move the massive Shiba Inu stack.
A third transfer saw the movement of another batch of 1,920,298,469,247 SHIB worth $20.51 million between wallets of unknown origin. According to Whale Alert, the large entity paid the same $1.37 in transfer fees to process the multi-million-dollar transaction.
All of the large transactions happened within the same minute, which indicates that a massive Shiba Inu whale could be behind the transfers.
The huge Shiba Inu movements come as the top memecoin flashes signs of life over the past week. SHIB ascended from a low of $0.00001029 on March 28th to a weekly high of $0.00001146, marking gains of over 11%.
SHIB has slightly retraced since the weekly high and is trading for $0.00001119 at time of writing.
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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.
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- Source: https://dailyhodl.com/2023/04/04/shiba-inu-whale-abruptly-moves-6087952185063-shib-in-matter-of-seconds-heres-where-the-crypto-is-going/
