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Nearly 2 Trillion SHIB Tokens Moved in the Last 24 Hours. Here’s the Destination

Although the popular dog-themed token, Shiba Inu (SHIB), has not been among the top performers in recent days, large amounts of SHIB have been on the move courtesy of Shiba Inu whales and top crypto exchanges.

According to data retrieved by TimesTabloid from the leading analytics platform and block explorer for Ethereum, Etherscan, a total of 1,732,087,896,614 Shiba Inu (SHIB) have been shifted in several transactions between exchanges and unknown wallets in the past 24 hours, at the time of writing. 

Among these transactions, the largest volume transfer was done by Binance, the leading exchange by 24 hours trading volume as reported by ShibaPlay, a decentralized, community-driven project focused on giving SHIB whale and burn updates. 

The Binance exchange moved approximately 485.8 billion SHIB from one of its wallets to another wallet. At the time of execution, the transaction was worth around $5.86 million. In the second-largest transfer executed by an unknown whale, 250 billion SHIB tokens worth over $3 million were shifted from one wallet to another. 

Read Also: Shiba Inu (SHIB) Added on Binance Pay. Here’s Why This is Crucial

ShibaPlay also reported another huge wallet-to-wallet SHIB transfer where 190 billion Shiba Inu tokens were shifted. At the time of execution, the transaction was worth about $2.28 million. In another update, approximately 183 billion Shiba Inu tokens were transferred in a wallet-to-wallet transaction. 

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The SHIB tracking account, ShibaPlay also revealed that a certain whale bought over 100 billion SHIB ($1,202,197) and then moved it out of the exchange to another wallet. 

Meanwhile, another whale shifted a whopping 94.3 billion SHIB tokens worth about $1.1 million at transaction time. Similarly, 75.4 billion SHIB, 70.4 billion SHIB, 62.4 billion SHIB, 61.4 billion SHIB, 53.56 billion SHIB,  53.3 billion SHIB, and 52.1 billion SHIB were moved in separate transactions from one wallet to another.


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Ndianabasi Tom
Ndianabasi Tom
Ndianabasi Tom joined the crypto and blockchain industry in 2019. He is an all-rounded crypto content writer. He mostly covers industry news, developments, and other educational resources. He believes that proper crypto awareness is instrumental to achieving mass adoption.
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