Whales once again pay attention to Shiba Inu. Shiba Inu, the second-largest meme coin, has been moved in enormous chunks worth more than 1.6 trillion SHIB during the course of the last 24 hours, according to Twitter user @shibaplay_. SHIB’s value suffered a significant hit earlier today, shedding more than 6% of its value, and whales pounced on the opportunity.
1.6 trillion Shiba Inu on the move
The aforesaid Twitter user sent links to Etherscan to draw attention to these amazing SHIB transactions. An unidentified whale purchased 50,656,885,934 SHIB on Coinbase and withdrew the funds to his cold wallet. Etherscan, however, reveals that this whale really purchased three sizable chunks of SHIB in addition to this one: 80,960,690, 130,204,348, and 8,756,682.
Another investor spent 199,999,679,531 on a significant buy of SHIB on Binance, which was then moved to a cold wallet. The greatest SHIB transactions in this series moved an astounding 417,167,400,278 and 796,958,896,631 SHIB between anonymous wallets.
Their respective values are $5,118,644 and $9,730,868. Due to a higher SHIB currency rate vs the USD at the time of purchase, the second transfer was worth about one million USD more.
The second-most popular canine cryptocurrency, SHIB, has fallen from the top four positions among Ethereum whales’ holdings to the sixth position, according to statistics posted on the WhaleStats website.
The top 100 Ethereum wallets as of this writing have Shiba Inus valued at $152,100,683 in total. SHIB also took a fall along with the whole crypto market. SHIB is trading at $0.00001216 at the time of writing. It is currently 4.55% down in the last 24 hours. It followed suit with other cryptos in slumping as the CPI numbers were out.
Bitcoin also tumbled and is down 8.7% in the last 24 hours. The market that was showing signs of slow recovery just erased it after the inflation numbers were out.