In a surprising turn of events, a giant whale, who holds a staggering 101.47 trillion SHIB (equivalent to $756 million and 10.15% of the total supply), has transferred 4 trillion SHIB ($29.8 million) to eight new addresses today. This marks the first significant transfer from this account in 610 days, sparking intrigue and speculation within the crypto community.
According to Lookonchain, the whale initially purchased 103.33 trillion SHIB with just 38 ETH ($14K). They later sold 603 billion SHIB for 2,411 ETH ($9.6M) and deposited 1.25 trillion SHIB ($8.77M) to Coinbase in 2021. Despite these transactions, the whale still holds a massive 101.47 trillion SHIB ($756M), now distributed across 23 wallets.
The whale’s transactions can be tracked on Etherscan, providing transparency and insight into these significant movements of SHIB.
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Show more +Shiba Inu (SHIB) Outperforms Dogecoin (DOGE) in Recent Price Action
In other news, Shiba Inu (SHIB) has seen an 8% price increase over the last seven days, outperforming Dogecoin (DOGE), another popular meme coin, which gained 6% over the same period. This recent price action has left SHIB’s market capitalization at $4.74 billion, despite a year-to-date change of -0.86%.
Shiba Inu, often compared to Dogecoin due to its meme currency status and dog-themed branding, boasts a viral following of over 1.2 million on Twitter.
Social media sentiment around Shiba Inu has been mostly neutral, with 2.17% of tweets expressing bullish sentiment and 4.62% expressing bearish sentiment. The majority of tweets (93.21%) were neutral. On June 20, 2023, Shiba Inu was mentioned in 15,254 social media posts on Twitter and Reddit, a 3.49% increase compared to the previous day.
As of now, Shiba Inu’s price stands at $0.000007172, with a 24-hour trading volume of $202.99 million and a circulating supply of 589.349 billion SHIB.
