Key Takeaways:
- SHIB whale holds 1.486 trillion tokens.
- SHIB price drops despite large transfer.
- Wallet "0x826c" still holds 1.395 trillion SHIB.
YEREVAN (CoinChapter.com) — An anonymous Shiba Inu coin whale purchased over 1 trillion SHIB tokens this week. This SHIB transaction, valued at approximately $20.16 million, has gained attention in the cryptocurrency community. Here are the facts.
SHIB Whale Accumulates 1 Trillion Tokens in Mysterious Transfer
In the past week, the wallet address “0x78342” accumulated over 1 trillion SHIB. This increased the wallet’s total holdings to 1.486 trillion SHIB. At the current market price of $0.0000135 per coin, this amounts to $20.16 million.
Another wallet, “0x826c,” transferred the tokens instead of acquiring them from an exchange, raising questions about the purpose of this transaction.
Mysterious Wallets Hold Significant Share of Supply
The wallet “0x826c” still holds 1.395 trillion SHIB, valued at around $18.87 million. The connection between “0x78342” and “0x826c” is not known. However, this activity has been significant within the Shiba Inu community.
Data from IntoTheBlock shows that a large portion of Shiba Inu’s supply is held by a few wallets. Approximately 59.95% of the total SHIB supply, or 589.67 trillion tokens, is held by addresses containing at least 1% of the circulating supply. This includes wallets like “0x78342” and “0x826c.”
Shiba Inu Coin Price Drops Despite Whale’s Massive Transfer Amid High Trading Volume
The movement of Shiba Inu coin between these wallets is noteworthy, but its purpose is unclear. The SHIB transaction did not involve an exchange, indicating a different reason for the transfer. No official statements have been made by the coin’s lead developer or other key figures about this SHIB transaction.
As of now, Shiba Inu (SHIB) coin is trading at $0.00001341, showing a 9.57% drop over the past seven days. The market cap is $7.9 billion, and the 24-hour trading volume has jumped by 64.77% to $175.18 million. The circulating supply is 589.27 trillion Shiba Inu , with a total supply of 589.52 trillion SHIB.
Despite the recent transfer of over 1 trillion SHIB by a large whale, it hasn’t boosted the coin price. Instead, SHIB has been on a downward trend throughout the week. Although trading volume increased, the price continued to decline, suggesting the market didn’t respond positively to the whale’s actions.
