An anonymous entity has executed a monumental transaction in a remarkable activity showcase in the Shiba Inu (SHIB) cryptocurrency ecosystem. As per the latest data from the renowned blockchain tracker Whale Alert, a whale has moved a staggering 4.55 trillion SHIB tokens to an impressive $31.5 million to an unknown wallet.
This substantial transaction aligns perfectly with the persistent trend of notable SHIB transfers that have unfolded over the past month. A few hours ago, a remarkable 4.56 trillion SHIB tokens worth $31.76 million executed a seamless migration between untraceable wallets in the crypto world.
Shiba Inu Transfers In October Hit Trillions
This surge contributed to a sequence of high-profile transfers in October. An immense 4.58 trillion SHIB tokens transfer, equivalent to $31.63 million, on October 17th. A transaction involving 4.59 trillion SHIB tokens, valued at $32.41 million, was completed the preceding day. Notably, on the 11th, a staggering 4.61 trillion Shiba Inu changed hands, amounting to $31.39 million.
Furthermore, originating from the Bitvavo exchange, two noteworthy transactions were sent to undisclosed wallets. On October 5th, a substantial 4.58 trillion SHIB tokens, valued at an impressive $33.13 million, were moved. This was succeeded by another transfer of 4.60 trillion SHIB tokens, amounting to $33.38 million, on September 22.
Despite being the second most popular meme coin, Shiba Inu currently holds the 19th position on CoinMarketCap, lagging behind most leading cryptocurrencies in the top 20. Its estimated market capitalization is approximately $4.07 billion, accompanied by a 24-hour trading volume of $112.42 million.
As of writing, SHIB is trading at $0.00000697 and marking a 1.00% increase in the last 24 hours, mirroring a favorable market sentiment. Over the past week, SHIB has maintained a steady 0.42% upward trajectory in its price, highlighting a stable growth pattern during this period in the crypto market.