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HomeCryptocurrencyWhale Abruptly Moved 2 Trillion SHIB from Binance within 5 Minutes: Details

Whale Abruptly Moved 2 Trillion SHIB from Binance within 5 Minutes: Details

As the official launch of Shibarium moves closer, crypto whales are beginning to become more interested in the popular dog-themed token, Shiba Inu (SHIB).

A mysterious cryptocurrency whale suddenly shifted trillions of Shiba Inu (SHIB) tokens as the top meme coin continues to see explosive price trends over the past week.

Read Also: Binance Moved 1.8 Trillion Shiba Inu (SHIB). Here’s the Destination

Shiba Inu Whale Moves About 2 Trillion SHIB Tokens Away from Binance

According to Whale Alert, the tracker of large crypto transactions, a crypto whale moved a total of 1,999,998,709,228 SHIB worth relatively $24 million from Binance, the world’s largest crypto exchange by trading volume, to a wallet of an unknown origin in four separate transfers.

Going by the whale tracker, it took the whale only five minutes to initiate the transactions, indicating that the massive SHIB trove is controlled by a single entity.

It’s also shown that the whale paid only $6.51 worth of Ethereum (ETH) to complete the whopping transaction.

A closer look at the receiving wallet reveals that the large Shiba Inu trove was sent to a Gnosis Safe smart contract, according to blockchain tracker Etherscan.

Read Also: Shiba Inu Set for Fresh Meteoric Price Surge? Here’s How Shibarium Brightens SHIB Fundamentals

Gnosis Safe, which bills itself as a trusted platform to manage crypto assets on the Ethereum blockchain, is a project from the prediction market platform Gnosis (GNO). It is possible that the whale relocated his Shiba Inu holdings for security purposes.

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The transactions were also made a day before SHIB erupted from a low of $0.00001243 yesterday to a high of $0.00001554 on the same day, representing gains of over 25% in just 24 hours. SHIB has slightly pulled back since and is trading at 0.00001449 at the time of filing this report.


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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