An affluent crypto investor just moved a large amount of Shiba Inu (SHIB) coins as the dog-themed digital asset gains popularity on exchanges.
According to blockchain tracking service Whale Alert, the unknown whale transferred 3,333,256,285,484 SHIB worth $30,262,633 at time of the transaction on January 10th.
The funds were moved to a wallet with only one transaction to date. Despite the large amount of crypto involved, the whale only paid the equivalent of $4.24 in transfer fees.
? ? 3,333,256,285,484 #SHIB (30,262,633 USD) transferred from unknown wallet to unknown wallethttps://t.co/HliPDFmiek
— Whale Alert (@whale_alert) January 10, 2023
Shiba Inu is one of Binance’s three most-watched cryptos in 2022 along with Bitcoin (BTC) and Ethereum (ETH). Data from exchange and wallet ranking site CoinCarp show that two of the crypto titan’s wallets already hold over 9% of Shiba Inu supply.
Of the digital asset exchanges, Binance also has the highest balance for the token with 92,976,033,114,161 SHIB valued at $844,222,380. The world’s largest crypto trading platform is followed by Crypto.com with 55,309,654,679,990 SHIB worth $502,211,664 and OKX with 9,957,292,730,009 SHIB worth $90,412,217.
Earlier this week, the Shiba Inu ecosystem hinted at a potential partnership with North American luxury firm Bugatti Group with a video clip of bags and briefcases featuring images from the Shiboshi non-fungible token (NFT) collection.
?? @Shibtoken Shiboshis x @bugattigrp
Stay tuned for an upcoming event announcement in the next few days! pic.twitter.com/VzvwUI2rOU
— Shib (@Shibtoken) January 8, 2023
SHIB is changing hands for $0.000009 at time of writing, down by 2.23% over the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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