Recently, a significant amount of Shiba Inu tokens were moved from the well-known cryptocurrency exchange OKX to an unidentified wallet using the address “0x422.” The transaction has drawn a lot of attention; it is worth around $100,000 and consists of 11.03 billion Shiba Inu tokens.
Etherscan data indicates that when the tokens were removed from OKX, they were moved to an other wallet that isn’t named “0xE95.” At the moment, this wallet has 56.846 billion Shiba Inu coins in it, which is more than half a million dollars’ worth of tokens.
Remarkably, the wallet furthermore holds a chunk of Ethereum (ETH) and 87.71 thousand Uniswap (UNI) tokens, or $542,000, bringing the anonymous investor’s total holdings to more over $1 million.
Next huge move for SHIB
The price movement of the Shiba Inu token is highlighted in light of these noteworthy SHIB transactions. The price of the token has moved mostly in a lateral direction during the last eight days, from a minimum of $0.0000084 to a maximum of $0.0000094. This pattern points to an accumulation phase, a crucial time when significant investors frequently make tactical choices about the assets they own.
The present price dynamics in conjunction with the observed transfer of Shiba Inu tokens suggest that a substantial change in the SHIB price chart is imminent. Even while it’s still unclear where this movement will go, recent transactions—such as the large transfer—show that prominent figures in the cryptocurrency field are enthusiastic.
