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Hundreds of Billions of SHIB Moved as This Influencer Announces Support for Shiba

Thu, 11/03/2022 - 15:48
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Yuri Molchan
Nearly trillion SHIB has been shoveled by large Ethereum wallets in past 24 hours
Hundreds of Billions of SHIB Moved as This Influencer Announces Support for Shiba
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Twitter user @shibaplay_ has posted a large number of tweets, in which he shared data from Etherscan about massive transactions of Shiba Inu meme coin over the past 24 hours.

The largest of these carried a minimum of 100,000,000,000 SHIB. The largest one was worth 202,438,224,930 coins. In total, 847.9 billion canine coins were moved by anonymous holders.

A total of 100,000,000,000 SHIB from this series of transactions were moved to the OKEx exchange to be sold.

The equivalent of the 850 billion SHIB mentioned above is $10,268,000.

A few days prior to that, cryptocurrency influencer David Gokhshtein, founder of Gokhshtein Media, announced that he was going to buy more Shiba Inu to add to his stash. He planned on grabbing roughly over 2 million meme coins.

I'm as Big on SHIB as I Am on DOGE: David Gokhshtein

On Wednesday, he confirmed his support for SHIB, stating that he is big on both Shiba Inu and Dogecoin, no matter what maximalists from these communities think about him for supporting a rival coin.

Over the past few days, SHIB has been down from its recent local high of $0.00001415, by 15%. At the time of this writing, the price sits in a range, trading at $0.00001203.

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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