Investors who bought around $ 3,400 Shiba Inu (SHIB) in August 2020 pulled more than 40 trillion tokens out of their wallets – about $ 2.76 billion, according to information from Etherscan.

Will the Shiba Inu collapse?

As Bitcoin magazine reports a hodler became a billionaire after buying $ 3,400 in SHIB last August. And now this person has transferred 10,000,000,100,000 SHIB to four different wallet addresses in four transactions. All four addresses the token was sent to have no traces of previous token movement.

The source: Etherscan

Since that trade, the SHIB price has fallen 5% that day, a small amount related to typical market volatility or possibly due to fear that the whale will sell out.

Transactions take place one after the other with an interval of just ten minutes. Each transfer is around $ 600 million, which is roughly 10 trillion tokens. At this point, Shiba Inu (SHIB) was trading at $ 0.000069.

The transactions come a day after SHIB overtook Dogecoin (DOGE) to become the ninth largest cryptocurrency on the chart with a market capitalization of around $ 36 billion. This coin meme saw its biggest price spike in late October when it rose 66% in just one day.

SHIB has grown 103.2 million percent in the past 12 months. The price is still up 42.26% for the week and 760.93% for the month.

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mango

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