Close to trillion Shiba Inu have been transferred, but top Ethereum whales have bought many times more SHIB than that
Data from Etherscan shows that in the past 20 hours, two surprising shards of SHIB have been transferred, totaling up to around 800 billion Mem coins.
In the meantime, the interest of the top 100 Ethereum whales in that coin seems to have returned as SHIB is back on the list of the top 10 held crypto coins.
Nearly 800 billion SHIBs transferred
According to Etherscan, about 20 hours ago, a total of 760 billion SHIB were transferred in two tranches, along with some much smaller transactions, containing 50 billion MEME coins each.
The biggest one, carrying 419,497,861,322 SHIB, was shoveled by the Binance exchange between its own wallets. That was most likely done as part of the proof-of-reserves audit suggested by CZ for Binance itself and for other crypto exchanges after the FTX crypto giant’s founder Sam Bankman-Fried filed for insolvency in the early days of November.
The second transaction, 339,397,509,444 SHIB, was moved from one anonymous wallet to another. The sender’s wallet is now empty of SHIB tokens, while the recipient’s address only contains the SHIB received in the above transaction. This can be either a sale or a transfer of funds to a new wallet.
Top ETH whales buy 7.7 trillion SHIB
According to wallet tracking service WhaleStats, over the past 24 hours, the situation for Shiba Inu and the largest 100 wallets on Ethereum chain has radically changed.
If for the past three days, SHIB was not in the top 10, nor even in the top 20 list of assets of these whales, today it is in the top fifth position after Ethereum, USDT, USDC and stETH.
At the time of this writing, these largest whales on ETH contain $70,346,254 in meme crypto. This is the equivalent of a whopping 7,730,357,582,417 Shiba Inu.
