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Crypto data tracker Whale Alert has observed a massive Shiba Inu shift in recent hours. Whale Alert reports that 4.19 trillion (4,193,953,460,450) SHIB worth $40,823,942 moved between whale wallets.
A Shiba Inu mega whale emerged as the massive 4.1 trillion SHIB shifted to a new address, which only houses the $40 million worth of crypto stash.
Over the weekend, a massive stash of 4,218,953,460,450 Shiba Inu tokens worth $43,372,951 was also reported to be moved between whale wallets.
The transactions might represent OTC transactions that occur outside of a crypto exchange, or maybe wallet reshuffling. Either way, the identity and motive of the new whale are unknown.
Shiba Inu price action
At the time of writing, SHIB was down 7.65% in the last 24 hours to $0.0000095. Shiba Inu added a zero to its price as the crypto market saw significant declines, with over $312 million worth of liquidations.
Shiba Inu has seen a 55% increase in the last three months, staying relatively quiet during the recent altcoin season, according to crypto analyst Ali.
Tomiwabold OlajideWhile there is much room for growth ahead, SHIB faces a major resistance zone, where nearly 90,000 addresses hold over 422 trillion SHIB at $0.000016.
Meanwhile, Shibarium has increased dramatically, crossing 83 million total transactions, now at 83,743, 416. According to Shibarium scan data, Shibarium has reached 2,061,084 in total blocks processed.
Wallet addresses have also seen an increase, now at 1,304,498.
Dan Burgin
Alex Dovbnya
Vladislav Sopov