Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
As reported by Twitter user @shibaplay_, who represents a SHIB burn project from the meme coin's community, over five hours ago, a whopping amount of Shiba Inu was moved by an anonymous whale.
By the way, the price surged earlier today, printing a massive green candle on an hourly chart.
1 trillion SHIB wired to Coinbase
A total of 1,060,594,914,048 Shiba Inu tokens was moved from an anonymous address to a Coinbase wallet with a likely goal of selling this hefty amount of SHIB. At the time of the transfer, this chunk of crypto was worth $10,415,042 at the SHIB/USD exchange rate back then.
Curiously, according to Etherscan, this trillion SHIB was sent to a "Coinbase 10" wallet just five minutes after this chunk of meme crypto came in from another anonymous wallet.
At the time of this writing, the wallet that sent the SHIB to Coinbase contains zero meme coins.
Whale alert 🚨: 1,060,594,914,048 $SHIB transferred.
— ShibaPlay (@shibaplay_) December 5, 2022
check details 👇🏻 https://t.co/pYZ1ByhZMe
Price jumps on Dec. 5
Earlier today, the second largest meme coin by market cap, Shiba Inu, printed a long green candle on an hourly chart, followed by another, smaller one. The price of the coin surged by nearly 6%.
Since then, however, a drop by 1.27% has been noticed.
Vladislav Sopov