More than two hours ago, a sizable sum of SHIB — 3,821,233,843,288 meme coins — were moved between unidentified wallets, according to the well-known cryptocurrency tracker Whale Alert.
This amount is valued at $25,881,216. Earlier today, a number of further astounding SHIB lumps were transferred as the price of the meme coin tries to rebound after the weekend’s steep decline.
The aforementioned 3.8 trillion transaction was conducted to a brand-new wallet, which is where it has been kept up to this point. This might either be a sale and the entry of a new SHIB whale or a repurchasing of SHIBs by an investor.
The same transmitting wallet moved 14,000,000,000 SHIB to another address earlier today, according to Etherscan. This address had previously received about 3.7 trillion in eight transactions over the previous 60 days from a wallet that appears to be inactive at the moment.
Largest SHIB whale grabs trillions of Shiba Inu
A whale who was dubbed “the largest holder of SHIB” amassed 1.5 trillion Shiba Inu coins, according to a report earlier today by the analytics website @lookonchain. He acquired these SHIB through Coinbase and Binance for about $10 million. According to @lookonchain, this is the largest SHIB whale outside of crypto exchanges. This whale sent around 20 trillion SHIB to the address “0x73AF” on May 16. The current value of the pile of meme coins is $134.4 million.
Shiba Inu has been making up for Saturday’s abrupt 30% decline in the interim. Since then, the well-known meme currency has increased by 14.11 percent, and in the last day, the increase has been close to 4%.
Shibarium’s BONE scores another listing this week
This week, the Bone ShibaSwap token (BONE), which burns SHIB and is used as gas on the Shibarium Layer-2 network, was listed on the well-known Australian exchange Coinspot. On Monday, Swyftx exchange, another Australian-based exchange, launched support for BONE trading.
The Unocoin exchange published the token last week. The token has increased 2.69% in the last day and is now trading at $0.7048 as of this writing.
