Meme cryptocurrency Shiba Inu [SHIB] has gained significant attention and popularity in recent years. The project has also made progress in terms of its utilities, although its price performance has been less favorable. However, Shiba Inu Whales remain active.
Meme coins have been gaining traction despite the increasing adoption of other cryptocurrencies. SHIB stands out among the popular meme coins due to its notable development efforts. However, its price performance has not been in the best shape.
According to the latest details, over 3.8 trillion Shiba Inu have been transferred to an unknown wallet, fueling speculation of a new whale.
Over 3.8 trillion SHIB moved, a new whale in town?
Details show that an unknown wallet has transferred 3,821,233,843,288 SHIB to another wallet. The value of the moved SHIB is $25,881,216. The transfer was made by the whale to a new wallet.
The move comes as the price of Shiba Inu is not in its best shape. SHIB is trading at $0.00000671, with a 1.69% spike in value over the last 24 hours. SHIB is also down by 16.7% in the last seven days.
The price of most of the prominent cryptocurrencies took a toll recently after the SEC lawsuit against Binance and Coinbase. Despite the drop in prices, SHIB still holds its prominence as the second-largest meme coin.