Anonymous whale has transferred more than one trillion SHIB to Coinbase and another major crypto exchange
Data published by Twitter user @shibaplay_ shows that in the past eight hours, approximately 1.12 trillion Shiba Inu Meme Coins were sent to two major crypto exchanges.
1.12 trillion SHIB on the move as price drops to 2022 lows
Two anonymous wallets have transferred 1,060,594,914,048 and 121,823,678,713 SHIB worth $9,693,837 and $1,123,214. The funds were sent to Coinbase and OKEx to be sold.
As recently reported by U.Today, the second largest meme cryptocurrency Shiba Inu is inching closer to its 2022 low when the price hit $0.00000793 earlier this year.
Over the past week, the SHIB price has dropped by more than 23%. At the moment, the coin is changing hands at $0.000009181. This is 89.44% below the all-time high of 2021, when the coin hit $0.00008845 in late October.
The massive price drop and movement of coins in the cryptocurrency market has led to the recent collapse of the FTX crypto trading giant after its founder Sam Bankman-Fried declared bankruptcy of the exchange and its affiliated company, Alameda Research, to regulators. Submitted the required documents.
106 billion SHIB added by whales
While bigger whales are dumping their SHIB on the market, others are adding meme coins to their wallets. According to WhaleStats tracker, the largest 100 whales on Ethereum have recently added roughly 106,269,925,611 Shiba Inu worth $1,000,000.
