Market

Billionaire Shiba Inu transferred $ 2.76 billion or more than 40,000 SHIB to four different wallets

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.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

mango

follow AZCoin News

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Gate.io Launches USDE Financial Products with Annualized Returns of Up to 54%, Ushering in a High-Return Era for Stablecoin Investments

Nov 18th, Panama - Gate.io, a global leader in digital asset trading, has officially unveiled…

2 hours ago

Bitdeer Convertible Notes Worth $360 Million Offered for Expansion Efforts

The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…

2 hours ago

Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets

Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire

3 hours ago

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

4 hours ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

5 hours ago

This website uses cookies.