An unknown crypto whale is suddenly moving trillions of Shiba Inu (SHIB) tokens as the top memecoin rallies to a high not seen in weeks.
Blockchain-tracking service Whale Alert notes that a deep-pocketed investor moved a total of 4,113,777,233,445 SHIB worth $32.86 million from an unknown wallet to another unknown wallet on Friday.
Shiba Inu shot up to $0.00000833 on Friday, a price level not seen since June 22nd, from a low of $0.00000745 the day prior, a nearly 12% increase.
At time of writing, Shiba Inu is worth $0.00000797, down 1.1% in the last 24 hours.
Whale Alert also notices a number of large transactions of other memecoins, including SHIB-rival Dogecoin (DOGE).
- 86,199,011 DOGE worth more than $6.1 million transferred from trading platform Robinhood to an unknown wallet.
- 100,364,220 DOGE worth more than $7.1 million transferred from trading platform Robinhood to an unknown wallet.
- 87,868,226 DOGE worth more than $6.1 million transferred from crypto exchange Binance to an unknown wallet.
- 86,199,010 DOGE worth more than $6 million transferred from an unknown wallet to crypto exchange Binance.
Dogecoin is worth $0.0685 at time of writing, down 3.54% during the last 24 hours.
Lastly, Whale Alert spots an anonymous whale moving 3,941,534,011,651 of memecoin Pepe (PEPE) worth more than $7.2 million from an unknown wallet to crypto exchange Binance.
Pepe is trading for $0.00000160 at time of writing, down 3% in the past day.
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