Bitcoin with a dog theme With a rise of around 300% over the past seven days, Shiba Inu has emerged as the star of the week thus far.
A significant shift in Shiba Inu tokens by whales, who are either trading the tokens for profit or as a means of trading, is happening in tandem with the price increase.
Over the past twenty-four hours, there has been an enormous shift in Shiba Inu Coin (SHIB), totaling 1.8 trillion tokens.
Going even farther back, Etherscan reports that in the previous 48 hours, a staggering 1.25 trillion SHIB were moved to an address identified as “Robinhood 2”.
https://x.com/whale_alert/status/1765071758812721660?s=20
Three astounding transactions of approximately 1.8 trillion SHIB have been reported in the last few hours by cryptocurrency data tracker Whale Alert. Nearly 346 billion SHIB were sent from Wintermute to the cryptocurrency market Binance in two transactions.
In one transaction, 167,809,919,988 SHIB totaling $5,286,935 were moved from Wintermute to Binance; in another, 183,073,161,874 SHIB totaling $5,550,168 were moved.
The transfer of 1,450,254,597,018 SHIB worth $54,846,453 between unidentified wallets was the subject of another large transaction.
A whopping 1,250,318,249,876 SHIB valued $41,329,269 was moved from Cumberland to an unidentified wallet that Etherscan recognised as “Robinhood 2” on March 4.
Whale metrics like inflows and outflows show this notable change in Shiba Inu tokens. Whales’ addresses are tracked by the Large Holders Inflow from IntoTheBlock, whereas outflows approximate the amount of money leaving.
For example, Shiba Inu has had a surge in big holder inflows, which have increased dramatically since February 29 as prices have risen. Over the last week, Shiba Inu has had a 1,043% spike in big holder inflows, compared to a 799% increase in large holder withdrawals.
Due to profit-taking, SHIB has dropped 8% in the previous day to $0.000036 at the time of writing. Good news for the ecosystem: the CoinEx cryptocurrency exchange has added Doge Killer (LEASH).
