As trading volume of Shiba Inu has put up massive rise, whales have transferred over trillion meme coins
The Twitter handle @shibaplay_ has been spreading the word about the ongoing massive transfers of SHIB – more than a trillion coins in total.
The biggest transaction exceeded 320 billion meme coins. In the meantime, popular trading data platform CoinMarketCap has announced a massive rise of 7,449,053.83% in SHIB trading volume over the past 24 hours.
At the time of this writing, this works out to $13,713,548,006,909; This amount of SHIB has changed since yesterday morning.
Over 1 trillion SHIB on the move
The four transactions mentioned above have been spotted over the past 12 hours on Etherscan. Details provided by this ETH token tracker show that three of them were made between anonymous wallets.
One of these addresses 0x2efb50e952580f4ff32d8d2122853432bbf2e204Has participated in two of these transfers and now holds 3,460,736,189,289 SHIB.
The 160,000,000,000 SHIB were moved between internal wallets of the Crypto.com exchange. Recently, this entity stated, when responding to CZ Binance’s call to provide proof of reserve, that it holds around 40% of its assets in Shiba Inu coins.
Shiba Inu army reaches new milestone
Over the weekend, the number of SHIB holders grew exponentially, as reported by U.Today. Till Saturday, the number of SHIB holders increased by nearly 5,000 within just two days.
The price remained untouched by that achievement, though. Over the past 24 hours, SHIB has gone down nearly 3%. Per CoinMarketCap, at the moment it is exchanging hands at $0.000008333. This is 90.60% below the historic peak SHIB of $0.00008845 reached in late October last year.