Staggering amount of Shiba Inu meme coins has been wired, while hype around altcoins and meme coins is increasing to new high
Over the past 16 hours, two trillion SHIB exchanged between anonymous wallets, and half of this amount was sold on a major US exchange.
On Nov. 28, the price of Shiba Inu suddenly dropped by slightly over 6%. However, by now, the meme coin has almost completely regained this loss.
2 trillion+ SHIB running
Twitter user @shibaplay_, who follows SHIB’s key transfers on Etherscan and shares them with his followers, spread the word about the equivalent of nearly $20 million in Shiba Inu 16 hours ago. This was the second largest MIME token split into two, each containing 1,060,594,914,048 SHIB.
One of these lumps was sent to the U.S. public trading crypto exchange Coinbase, most likely to be sold. The other lump was moved from one anonymous token to another. The receiving address now contains 18,113,302,000,496 Shiba Inu worth $167,366,910.
Another stack of this meme coin, much smaller, was transferred between two unknown whales in the amount of 101,686,305,164 SHIB.
Altcoin hype peaks, Santiment says
According to a recent tweet by popular data aggregator Santiment, at the moment, the hype around various altcoins, including those based on dog memes, has reached a peak. This is manifest in the sudden recent surge in the price of Dogecoin.
As covered by U.Today, the original Meme Token surged nearly 15% over the weekend as Elon Musk promised that the popular online store for iOS and Android apps would begin to exclude the Twitter app from its assortment. He will launch an alternative ” Tesla phone” With a new OS.
On Monday, this standoff between Elon Musk and Apple continued, as Musk tweeted that Apple’s App Store has threatened to withhold Twitter without providing any reason for it.
This pushed the price of Dogecoin up by 10% with the hours. Shiba Inu was up a little over 4%, followed by DOGE.
