Shiba Inu: 1.8 Trillion SHIB Moved by Whale, Here Are the Details

Vignesh Karunanidhi
Shiba Inu
Source: The Economic Times

Without a doubt, one of the most popular cryptocurrency projects is Shiba Inu (SHIB). This is the case, despite the fact that there have been ups and downs with the project. The SHIB team is also working on a few launches that may lead to favorable price movements.

The collapse of the FTX empire unquestionably hurt the cryptocurrency market. Almost all cryptocurrencies lost value on the market. Popular cryptocurrencies like BTC and ETH saw a decline in value in the midst of the chaos.

Whales have always shown a keen interest in SHIB. As per the details from Etherscan, a whale has moved 1.8 trillion SHIB to Binance.

Whales move trillions worth of SHIB

The anonymous whale moved over $16.5 million worth of SHIB in a single transaction. Transaction history from Etherscan reveals that the $1.8 trillion Shiba Inu has been moved from in two transactions to the anonymous whale. The whale then moved the SHIB to Binance.

The largest cryptocurrency exchange in the world, Binance, moved 499.9 billion SHIB, according to data on Etherscan two days ago. Binance is currently undergoing its proof-of-reserve audit. SHIB movements are almost certainly a part of the same audit. The world’s largest exchange recently switched $2 billion in Bitcoin (BTC) as part of the audit, according to CEO Chanpeng Zhao (CZ).