Mysterious Whale Moves 1,296,926,801,221 Shiba Inu (SHIB) in Massive Crypto Transaction
A crypto whale is abruptly moving a staggering amount of Dogecoin (DOGE) competitor Shiba Inu (SHIB) in one massive transaction.
According to new data from blockchain search engine Etherscan, the deep-pocketed trader moved 1.29 trillion SHIB worth about $12 million at time of writing from one unknown wallet to another.
Etherscan reveals the transaction took place about 16 hours ago and cost just $0.75. The high-net-worth investor drained the wallet the SHIB was in and moved it to another wallet that now solely contains the meme asset.
The shift in tokens comes after a drop in the number of crypto wallets holding SHIB. Data from Etherscan also finds that the number of digital asset wallets that contain Shiba Inu has dropped from 1,283,133 to 1,251,233.
Previously, it was reported that most holders of the dog-themed crypto asset were underwater, along with investors of other prominent digital assets, such as king crypto Bitcoin (BTC), leading smart contract platform Ethereum (ETH), layer-2 scaling solution Polygon (MATIC), and BTC alternative Litecoin (LTC).
However, it was found that 57% of all DOGE holders were in the green.
Shiba Inu is changing hands for $0.000009 at time of writing, a fractional gain on the day but a 44.4% drop from its 30-day high of $0.000013 set on November 4th.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/AvDi/WindAwake
The post Mysterious Whale Moves 1,296,926,801,221 Shiba Inu (SHIB) in Massive Crypto Transaction appeared first on The Daily Hodl.
