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Hundreds of Billions of SHIB Moved as SHIB Becomes Most Wanted Coin for Whales

Fri, 12/02/2022 - 13:06
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Yuri Molchan
Over trillion Shiba Inu coins have landed in these two wallets as whales have placed focus on SHIB
Hundreds of Billions of SHIB Moved as SHIB Becomes Most Wanted Coin for Whales
Cover image via stock.adobe.com

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Twitter user @shibaplay_, who represents a burn project from the SHIB army, spreads the word about two massive Shiba Inu lumps made recently.

Meanwhile, a major wallet tracker says that Shiba Inu has become one of the most purchased coins by Ethereum whales again.

1.2 trillion SHIB lands in these two wallets

The two SHIB transactions mentioned above took place roughly 11 hours ago. Each carried 648,463,405,610 meme coins. Together these two chunks of canine crypto were evaluated at $12,000,000 at the time of making those transfers - that is 1.2 trillion SHIB in total.

According to details shared by Etherscan, both transactions were made from the same crypto wallet – 0x4d57a8bacd4bf5040c44be4ef7829be886fb2512 – which now holds zero Shiba Inu.

The first wallet was brand new and now contains only the received amount of SHIB – 648,463,405,610. The second one currently holds a total of 1,170,071,466,685 meme coins.

SHIB_transferredWhales_0099qrge908iuy23r4tethSHIB1
Image via Twitter

Related
SHIB Becomes "Stablecoin" for Whales, Here's What It Means

Whales are after SHIB, data shows

According to a recent tweet by WhaleStats, Shiba Inu is now on the top 10 list of the most purchased cryptocurrencies by the top Ethereum whales.

SHIB often emerges on this list as whales begin "hunting" this meme coin for gains. At the time of this writing, the coin is changing hands at $0.000009266, showing a rise of over 4.57% in the past week.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.

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