Shiba Inu Whale Abruptly Moves 2,871,107,065,473 SHIB in One Massive Crypto Transaction

A deep-pocketed crypto investor is suddenly moving a massive amount of meme asset Shiba Inu (SHIB) in a single transaction.

According to whale-surveying platform Whale Alert, the wealthy investor abruptly transferred a staggering 2.87 trillion SHIB worth just over $26 million from an unknown wallet to another unknown wallet.

The sending wallet was emptied of all SHIB and only held on to the tokens for just a few hours, according to blockchain search engine Etherscan.

Data from leading analytics platform IntoTheBlock finds that 80% of SHIB’s supply is currently being held by crypto whales or sharks. It also finds that 17% of the Dogecoin (DOGE) rival’s holders are in profit while 74% of them are underwater while 61% of Dogecoin holders are in the green while about 37% of them are seeing red.

According to blockchain tracking service WhaleStats, SHIB is the top holding among the world’s richest 1,000 Ethereum (ETH) whales.

WhaleStats’ on-chain data reveals that the top 1,000 ETH whales hold a combined $32.1 million worth of SHIB. Their next highest holding is oracle providing blockchain Chainlink (LINK) at $11 million, followed by gaming metaverse protocol Decentraland (MANA) at $6.7 million.

At time of writing, SHIB is changing hands at $0.0000095, down about 10% from its week’s high of $0.000010.

Featured Image: Shutterstock/muratart