As the crypto market gears up for a potential bull season, whale actions have increased, with Shiba Inu (SHIB) being one of the most involved tokens.
Per a tweet making rounds in the crypto space, Whale Alert, a Netherlands-based blockchain analysis firm, uncovered a whopping SHIB tokens transfer.
Read Also: Crypto Analytics Firm Sets Timeline for Shiba Inu (SHIB) to Surpass $0.08
The blockchain analysis outlet revealed a whale transfer involving 2,283,700,000,000 (2.83T) SHIB, reportedly moved from Binance, the world’s leading crypto exchange, to a wallet of unknown origin.
🚨 2,283,700,000,000 #SHIB (23,578,060 USD) transferred from #Binance to unknown wallethttps://t.co/f5dxoJuuBm
— Whale Alert (@whale_alert) December 26, 2023
Notedly, the massive coin transfer was triggered on December 26 at 10:20:59 UTC. The motive behind this massive transfer remains unknown. However, it could aim towards accumulating SHIB tokens for hodling while waiting for the coin to surge to certain price levels.
A Look Into The Whale Investor’s Crypto Portfolio
According to the data obtained from Etherscan, the whale investor crypto portfolio boasts other tokens apart from Shiba Inu (SHIB).
Aside from the over 2.83 trillion SHIB, the unknown whale also holds 35.53 million First Digital USD (FDUSD) valued at about $35.55 million, 48.95 million Fantom (FTM) priced at approximately $24.87 million, and 60.26 million Polygon (MATIC) worth about $65 million.
Meanwhile, the revelation by Whale Alert attracted Lucie’s attention, the Shiba Inu marketing lead. She reacted by quoting the tweet with the caption, “Smart money understands where the people are.”
Smart money understands where the people are. $SHIB https://t.co/VgdeWUb5Mr
— 𝐋𝐔𝐂𝐈𝐄 | ✨Shib.io✨ (@LucieSHIB) December 26, 2023
Previous Whale Actions Involving Trillions Of SHIB
The past few months have seen significant whale investors transferring billions and trillions of SHIB tokens to anonymous accounts.
Read Also: How High Shiba Inu (SHIB) Could Rise After Bitcoin Halving
In November, we reported that a whale moved 4,439,530,677,374 SHIB, valued at $35,915,803, to a wallet of unknown origin. Notedly, this particular whale’s action was said to have been triggered following the successful accumulation of 4,454,530,677,374 tokens by the said investor.
Also, in October, there were two significant SHIB transfers to unknown wallets by whale investors. The first investor transferred a whopping 4,534,030,677,374 SHIB valued at about $31.74M between two unknown wallets while the second followed suit in the same pattern with 4,607,030,677,374.45 SHIB, worth $ 31.42M.
Meanwhile, SHIB’s price actions and market movement in the past few weeks have been impressive. The token is changing hands at approximately $0.000011, with a market cap of $6,345,007,277 and a trading volume of $202,740,796.
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