It seems that the whales of the cryptocurrency Shiba Inu (SHIB), which ignited the crypto market in 2021 with unprecedented insane heights that exceeded 150,000,000%, have started the intense moves again.
According to a new data from EtherScan, in the past 24 hours, a total of more than 281 billion Shiba Inu have been moved by anonymous wallets, following the sale of 115 billion SHIB last Friday.
With the spread of the phenomenon of meme coins and dog coins such as Shiba Inu and Doge Coin, which found support from business and financial magnates such as Elon Musk, some submerged coins began to reappear, and investing in them involves high risks, and you may reach the point of losing all your money, so you should Be careful, as all the data in the report is just a monitoring of price fluctuations according to the trading platforms.
3 transfers were reported carrying 120.67 million, 83.34 million and 77.95 million SHIB by a user named Sheba Play.
The wallet indicated was the destination of the first transaction (and the largest of the three), which took place over 13 hours ago. As for the wallets that received SHIB 83.34 million and SHIB 77.95 million, both wallets sent their coins away, and they are now empty of SHIB.
The wallet that received 83.34 SHIB and then transferred to another wallet (or may have sold it) later received three more large pieces of Shiba Inu, and all three of the SHIB were sent to other addresses immediately.
With the current price fluctuations of the second largest meme coin, whales are making a profit by buying SHIB on a dip and selling it once the price has risen briefly.
On Saturday, SHIB announced that it had taken a bold step towards becoming a Metaverse universe, announcing through its official blog that the We're All Gonna Make It (WAGMI) project was gaining momentum.
Explaining the project details, SHIB's official statement revealed that it had researched several architectural designs from six different cities and early drawings showed that SHIB had identified Beijing, New Delhi, Japan, Hawaii, South Africa and Myanmar as places to build its new game.
The SHIB digital currency is trading today, Monday, at the level of $0.000125, an increase of 1.71% compared to its previous closing level at $0.0001229.
