Shiba inu

Largest Shiba Inu Whale Transfers 4 Trillion $SHIB Tokens

Shiba Inu News: Giant Shiba Inu (SHIB) whale “0x1406” woke up after 157 days of dormancy to distribute 4 trillion SHIB tokens worth 8 new wallets. The whale is known as the largest holder of SHIB tokens and moves may have come in response to Shiba Inu lead developer Shytoshi Kusama’s announcement on the Shibarium mainnet and “Worldpaper” release in August.

Shiba Inu Whale Transfers 4 Trillion SHIB Tokens

Lookonchain on July 13 revealed that a giant whale with 101.47 trillion SHIB tokens worth $756 million transferred 4 trillion SHIB worth $29.8 million to 8 fresh addresses. The whale has 10.15% of the SHIB total supply and the largest holder of Shiba Inu.

The whale has not made large transfers for 610 days, accumulating and distributing SHIB tokens to other addresses. It is known for buying SHIB from dips.

In 2020, the whale bought 103.33 trillion SHIB tokens with 38 ETH $14k. Then sold 603 billion SHIB for 2411 ETH worth $9.6 million and sold 1.25 trillion SHIB worth $8.77 million to crypto exchange Coinbase in 2021. Currently, the whale still holds 101.47 trillion SHIB worth $756 million distributed in 23 wallets.

Spot on Chain noted that the whale made the last transaction 157 days ago when it purchased 7,049 SHIB tokens. The main wallet “0x1406” still holds 6.20 trillion SHIB worth $46 million.

The news has come after Shiba Inu’s lead developer Shytoshi Kusama confirmed Worldpaper and likely release the long-awaited L2 Shibarium during the Blockchain Futurist Conference in Toronto, Canada on August 13-17, 2023.

Also, the Shiba Inu ecosystem will have the Doggy DAO and SHIB DOGGY DAO FOUNDATION, which carries out the DAO’s decisions and holds the DAO’s assets.

Also Read: US CPI Inflation Cools To 3%; Bitcoin, Ethereum Price-In For Rally, US Dollar Falls

SHIB and BONE Price To Rally

SHIB price fell over 1% from the 24-hour high and currently trades at $0.00000746. The 24-hour low and high are $0.00000737 and $0.00000759, respectively.

Meanwhile, Shibarium’s gas token Bone ShibaSwap (BONE) has rallied 82% in a month. BONE currently trades at $1.29, up 1% in the past 24 hours. The 24-hour low and high are $1.27 and $1.31, respectively.

Also Read: Terra Luna Classic Validator To Burn Billions Of LUNC Tokens, Price To Rally?

Varinder Singh

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.



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