According to Etherscan statistics, an enigmatic whale caused a stir when it withdrew an astounding 225 billion Shiba Inu (SHIB) tokens from well-known American exchange Coinbase. There is still mystery around the mysterious person responsible for this action, leading to conjecture.
This enigmatic organisation managed two significant withdrawals in a few two days. A substantial 132.22 billion SHIB tokens were removed from Coinbase in the initial transaction, and in the last 24 hours, another 92.83 billion tokens were added. This wallet exclusively contains Shiba Inu tokens, and as of right now, its total estimated worth is $1.99 million.
The timing of this large transfer has drawn attention, especially as it takes place during a time when the price of SHIB has been comparatively stable. The price of Shiba Inu has been largely stable over the last 15 days, averaging $0.000009 per token, despite the notable movement of tokens. It’s possible to argue that this period of inactivity represents an accumulation phase, with expectations growing for a possible upswing soon.
In fact, the activities of this unidentified whale highlight the clever moves made by major players in the cryptocurrency market. Even though it’s still unclear where SHIB’s price will go, the large withdrawals from Coinbase suggest that some powerful individuals are feeling optimistic.
All eyes are still focused on the mysterious person responsible for the removal of 225 billion SHIB tokens from one of the biggest exchanges in the US, as the community anxiously awaits the next move.
