SHIB price gains in past 24 hours as whales have been moving massive amounts of Shiba Inu
As reported by Twitter user @shibaplay_, who represents the SHIB Burn project from Meme Coin’s community, five hours ago, a large quantity of Shiba Inu was taken away by an unnamed whale.
By the way, the price surged earlier today, printing a massive green candle on an hourly chart.
1 trillion SHIB added to Coinbase
A total of 1,060,594,914,048 Shiba Inu tokens were moved from anonymous addresses to Coinbase wallets, with the potential target of selling this hefty amount of SHIB. At the time of transfer, this portion of crypto was worth $10,415,042 at the SHIB/USD exchange rate at that time.
Curiously, according to Etherscan, this trillion SHIB was sent to a “Coinbase 10” wallet just five minutes after this chunk of meme crypto came in from another anonymous wallet.
At the time of this writing, SHIB has zero MEME coins in the Coinbase sending wallet.
Price jumps on Dec. 5
Earlier today, the second largest meme coin by market cap, Shiba Inu, printed a long green candle on an hourly chart, followed by another, smaller one. The price of the coin surged by nearly 6%.
Since then, however, it has seen a decline of 1.27%.
