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Tens of Billions of SHIB Grabbed by Whales as SHIB Rises in Past Hour

Wed, 04/12/2023 - 14:50
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Yuri Molchan
Whales have been stocking up on Shiba Inu in past hour
Tens of Billions of SHIB Grabbed by Whales as SHIB Rises in Past Hour
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According to data shared by Etherscan, over the past hour, several major Shiba Inu transactions were spotted, moving nearly 35 billion SHIB meme coins.

These investors have been buying SHIB in the billions; two of these transfers moved over 10.37 billion meme coins each. One of these transactions was made from the Coinbase exchange.

The third transfer moved over 11 billion Shiba Inu, and the last one transferred 2.1 billion SHIB, also from a Coinbase wallet.

Image via Etherscan

SHIB price strives to recover after fall

Over the past 24 hours, the Shiba Inu price has been trying to recover after yesterday's 3.70% fall. By now, the second most popular meme coin has been up 1.57%, trading on the Binance exchange.

Currently, SHIB is trading back in the $0.00001091 range, where it has been changing hands over the past week.

Shibarium Beta Hits Major New Milestones, Here's What They Are

Shibarium beta reaches new milestones

Earlier today, word was spread by SHIB influencer Lucie Sasnikova about the new milestones reached by Shibarium testnet Puppynet.

According to her tweet, the number of total transactions has gone over the 2.2 million mark. The daily transaction count has surged to almost a million. As for the number of connected wallets, it has reached 365,282.

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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