Shiba Inu tokens worth 3.36 trillion have reportedly been transferred by a crypto whale to an unidentified wallet, according to Whale Alert.
As the global digital asset market had a significant comeback, the prices of the top meme cryptocurrencies, including Dogecoin and Shiba Inu, printed green indices. However, according to the whale transaction trackers, crypto whales have recently added a lot of Shiba Inus.
A crypto whale is said to have transferred 3.36 trillion Shiba Inu to an unidentified wallet, according to Whale Alert. The value of the relocated SHIB tokens is approximately $35.77 million. Over the last 24 hours, this transaction has been the largest one ever seen.However, the cost of Shiba Inus has increased by more than 5% over the past 24 hours.
As of the time of publication, SHIB is trading at an average price of $0.000010.The heightened volatility hasn’t prevented Shiba Inu from maintaining a market valuation of more than $5.7 billion. Its $344.4 million 24-hour trading volume has increased by 215%.This enormous whale movement was observed after SHIB made a significant revelation in the metaverse. It mentioned that SHIB: The Metaverse is slated to become a blend of communities. It had previously declared its alliance with THE THIRD FLOOR (TTF).
Is SHIB becoming less appealing?
The Ethereum whales have reportedly switched from Shiba Inu to a new cryptocurrency, according to whalestats. Among the top 100 ETH whales, STG token has managed to surpass them as the largest holding. The top 100 Ethereum whales must reduce Shiba Inu’s ownership to $127.9 million. It represents 4.84% of the total ownership of Whales. Despite the erratic cryptocurrency market, investors seem to be sticking onto tokens. Over the previous 24 hours, the SHIB token’s burn rate has decreased by 100%. Over the previous day, just 732k SHIB tokens have been delivered to a dead wallet.
