Astonishing amount of Shiba Inu was transferred in merely two transactions, while price showed large fluctuations
Twitter user @shibaplay_shared said that in the past 14 hours, more than a trillion SHIB have been transferred in two staggering bales of 858 billion and 420 billion meme coins.
In the meantime, the SHIB price has been demonstrating a fall that followed a massive price spike.
1.3 trillion SHIB transferred
Anonymous whales transferred the above huge amount of SHIB to 858,499,454,562 and 419,188,086,016 Shiba Inu fragments.
Details provided by Etherscan show that the 858.5 billion transfer was made by Binance exchange internally. The 420 billion piece of SHIB was moved from an xSHIB Token address to an anonymous wallet.
ETH Whale’s SHIB Holdings Drop Below $100 Million
According to data announced by the WhaleStats wallet tracking service, the top 100 whales on Ethereum got rid of a huge amount of SHIB a day ago.
Now, their overall SHIB stash has plunged below the $100 million level in USD equivalent. After selling $33 million worth of SHIB, the largest 100 investors on ETH own $89,781,650 in this meme coin.
SHIB is up 5% after a huge drop
Earlier today, the second largest meme coin reversed and started rising by adding 5.12%. This happened after a massive 11.45% drop in the price.
In the past two days, SHIB has been moving in tandem with another popular meme coin — DOGE. Shiba Inu followed DOGE up as news of Elon Musk finalizing his deal on purchasing Twitter leaked out to the media.
Both the coins fell sharply together yesterday and are rising again after the acquisition is complete.
