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A deep-pocketed crypto investor suddenly moves a massive amount of Shiba Inu meme (SHIB) assets in a single trade.
According to whale survey platform Whale Alert, the wealthy investor abruptly moved a staggering $2.87 trillion SHIB worth just over $26 million from one unknown wallet to another wallet unknown.
The sending wallet was emptied of all SHIBs and only held the tokens for a few hours, according to blockchain research engine Etherscan.
Data from leading analytics platform IntoTheBlock reveals that 80% of SHIB’s supply is currently held by crypto whales or sharks. It also finds that 17% of rival Dogecoin (DOGE) holders are in profit while 74% of them are underwater while 61% of Dogecoin holders are in the green while around 37% of between them see red.
According to blockchain tracking service WhaleStats, SHIB is the largest among the 1,000 richest Ethereum (ETH) whales in the world.
On-chain data from WhaleStats reveals that the top 1,000 ETH whales hold a combined value of $32.1 million worth of SHIB. Their next highest stake is oracle providing blockchain Chainlink (LINK) at $11 million, followed by gaming metaverse protocol Decentraland (MANA) at $6.7 million.
At the time of writing, SHIB is changing hands at $0.0000095, down around 10% from its weekly high of $0.000010.
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Featured Image: Shutterstock/muratart
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