A whale that previously bought a significant amount of SHIB tokens has transferred his funds to another wallet
According to the transaction which appeared on the WhaleStats tracker, a Shiba Inu whale labeled “Hulk” transferred its own funds to another wallet. One transaction was worth more than $ 470 million.
The large transfer
The transaction appeared on SHIB’s blockchain yesterday when the “Hulk” wallet moved almost all of his funds to another wallet, leaving for himself only $4 million worth of tokens.
The new wallet that received the majority of funds from “Hulk” currently contains over $ 470 in Shiba Inu tokens. The second wallet that received the funds was created just for this reason, as it did not receive or send any transactions except the $ 470 million one.
The first wallet that previously held almost half a billion worth of Shiba Inu has been constantly receiving various transactions, including smaller Shiba Inu transactions worth a couple thousand tokens.
Who could be the “Hulk” wallet?
It is extremely difficult to determine the owner of the wallet due to the decentralization of the network, but some users and members of the Shiba Inu community have speculated that the wallet may be linked to a cryptocurrency exchange that has purchased a large number of tokens to later initiate operations with this.
Some users even assumed that the large purchase was made by the Robinhood trading app that previously teased the listing of the famous meme-token widely endorsed by the crypto community.
At the time of publication, the SHIB token is trading at $ 0.000034 with 2% daily growth in the market.
