Whales Move 3.3 Trillion Shiba Inu; Will SHIB Surge Ahead?

The world’s largest meme crypto like Dogecoin and Shiba Inu prices printed green indexes as the global digital asset market saw a broad recovery. However, the whale transaction trackers have reported that crypto whales have added a load amount of Shiba Inu over the past 24 hours.

Shiba price up by 5%

According to Whale Alert, a crypto whale has moved 3.36 trillion Shiba Inu to an unknown wallet. The moved SHIB tokens are valued at around $35.77 million. This has been the largest transaction recorded over the past 24 hours.

However, Shiba Inu prices have jumped by more than 5% in the last 24 hours. SHIB is trading at an average price of $0.000010, at the press time.

Shiba Inu has managed to hold a market cap of over $5.7 billion amid the increased volatility. Its 24 hour trading volume has skyrocketed by 215% to stand at $344.4 million.

This huge whale movement has been recorded after SHIB dropped a major announcement around its metaverse. It mentioned that SHIB: The Metaverse is set to become a mixture of community. Earlier, it announced its partnership with THE THIRD FLOOR (TTF).

Is SHIB losing its allure?

Meanwhile, the whalestats reported Ethereum whales’ have shifted from Shiba Inu to a new token. STG token has managed to become the biggest holding among the biggest 100 ETH whales.

Shiba Inu’s holding among the top 100 Ethereum whales has to decline to stand at $127.9 million. It accounts for 4.84% of the cumulative Whales holding.

However, investors seem to be holding their Shiba Inu tokens amid the volatile crypto market. The Burn rate of the SHIB token has dropped by 100% over the past 24 hours. Only 732k SHIB tokens have been sent to a dead wallet over the past day.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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