A gigantic SHIB sum moved by a crypto wallet was discovered more than fifteen hours ago by the Whale Alert crypto tracker, which tracks significant cryptocurrency transactions performed by whales and exchanges.
The transaction, which included many trillion Shiba Inu meme currencies, was carried out between wallets that the blockchain tracker had classified as “unknown.”
The SHIB price showed many upward fluctuations during the course of the weekend.
4.4 trillion SHIB on move, new whale is born
As to the X post released by the previously stated tracker, 4,439,530,677,374 SHIB were transferred from one anonymous wallet to another wallet. The estimated value of these SHIB meme coins is $35,824,792.
https://x.com/whale_alert/status/1721198116886520301?s=20
With only two transfers made about 12 hours ago, the transaction notably ended up in a brand-new wallet. As a result, a new Shiba Inu whale has been created, with billions of SHIB now having reached this new blockchain address.
This move was either the result of a sale or a crypto whale dividing their SHIB billions among many wallets that are owned by the same person.
Previous reports from Whale Alert state that anonymous whales shifted many comparable sections of SHIB last week. A portion of the 4.3 trillion SHIB lumps were purchased on Bitvavo, an Amsterdam-based exchange, and subsequently transferred to wallets under self-custody.
Over the weekend, there was a 41.45% increase in the volume of major Shiba Inu transactions, totaling $45.42 million, according to statistics supplied by the on-chain data firm IntoTheBlock.
These significant deals have a SHIB equivalent value of at least $100,000.
According to a tweet from cryptocurrency expert Ali Martinez, there is now a significant influx of around $10.97 billion into different cryptocurrencies. Since this is the greatest level so far this year, it suggests that investors have a lot of faith in this novel class of asset.
Shibarium approaches big new milestone
The Layer-2 blockchain solution for Shiba Inus, Shibarium, is currently very near to reaching a significant new utility milestone — four million transactions, according to data released by the Shibariumscan explorer.
After many significant increases in September and October, the total number of transactions is currently 3,821,096. The number of daily transactions has reached 10,580.
It reached a peak of 65,570 on October 25, fell the next day, and has been trading around the 10,580 area ever since.
SHIB market performance
As previously indicated, the SHIB price showed a 5.75% gain throughout the course of the weekend, a little decline, and a 2.69% climb on Sunday.
The second-largest dog-themed currency, SHIB, has increased by a pitiful 1.27% in the previous 24 hours and is now trading at $0.00000815 at the time of writing.
