Whopping 4.25 Trillion SHIB Transfer Sparks Massive Surge in Shiba Inu Whale Activity
In a groundbreaking development that has sent shockwaves through the Shiba Inu (SHIB) community, there has been an extraordinary surge in on-chain activity involving the meme token. Within the past 24 hours, the volume of substantial transactions involving Shiba Inu has skyrocketed by a staggering 266%, as reported by IntoTheBlock.
The surge in activity specifically pertains to transactions exceeding $100,000 in SHIB equivalent, with a total of 47 such transactions occurring during this time frame. This has resulted in a cumulative volume of whale transactions totaling a mind-boggling 5.58 trillion SHIB, which is equivalent to a staggering $59.54 million in dollar terms.
At the epicenter of this on-chain explosion is a monumental transfer of 4.25 trillion SHIB, valued at $46.47 million, which occurred just over 13 hours ago. This massive movement of funds took place between two mysterious wallets, with the source wallet being linked to Coinbase Prime Custody, as per Etherscan explorer data, according to WhaleAlert.
What makes this transfer even more intriguing is that the recipient’s wallet is not only unknown but also brand new, with this transaction being its first activity. Astonishingly, the wallet now holds trillions of SHIB tokens, adding to the mystery surrounding its origin and intentions.
As Shiba Inu continues to captivate investors, the question on everyone’s mind is what this massive transfer signifies for the future of the cryptocurrency. Every passing block brings new developments and keeps the SHIB army on the edge of their seats, eagerly anticipating the next chapter in the Shiba Inu saga.