As revealed by Whale Alert a portal that tracks large movements of funds in the crypto space, an unknown whale has moved nearly 3 trillion Shiba Inu tokens between wallets, with the equivalent value of these SHIBs being $26.3 million. Both addresses are not overly active and are relatively new. There are no other tokens on these wallets besides Shiba Inu.
🚨 🚨 2,871,107,065,473 #SHIB (26,244,789 USD) transferred from unknown wallet to unknown wallethttps://t.co/IEphpnvkKO
– Whale Alert (@whale_alert) December 8, 2022
The movement of trillions of SHIB took place against the backdrop of two curious developments directly concerning the token.
Shiba Inu (SHIB) Price Action
Thus, the price of the Shiba Inu token has shown and continues to show interesting momentum, trading in the green zone, after two days of decline. Reaching the upper limit of the price range around $0.0000095, SHIB made a false breakout and went back down, but not very far.
This can be seen as a first attempt to break out of the deep. Recall that it was this area, with the lower boundary at $0.0000085, that became the place for SHIB accumulation after the FTX collapse.
Who is selling SHIBs?!
The second development was the inclusion of SHIB in the top 10 best-selling crypto-assets, according to WhaleStats, over the past seven days. If the portal’s data is accurate, there are currently 7.7 trillion SHIBs in the accounts of Ethereum’s top 100 whales, equivalent to $70.73 million.