The Shiba Inu community is abuzz with excitement as a mysterious whale recently made a massive transfer of 2.28 trillion SHIB tokens, equivalent to around $23.58 million, from crypto exchange Binance to an unknown wallet. According to Whale Alert’s on-chain data, this transaction took place on December 26 at 10:20 UTC.
This latest move has caught the attention of the SHIB community, including Lucie, the project’s marketing lead. In a post, Lucie responded to the whale’s transfer, stating:
“Wow, this is a significant movement by the whale. It has definitely caused quite a stir among the community.”
The whale’s actions have also sparked speculation among other community members. While the motive behind the transfer remains unclear, many believe it indicates a strategy of purchasing and holding SHIB tokens for the long term.
As of now, the receiving wallet still holds the full 2.28 trillion SHIB tokens, along with several other tokens valued at approximately $85 million. Specifically, the unknown wallet contains $24 million worth of SHIB, $35.5 million in FDUSD, and $25 million in FTM.
This recent move is part of a trend where SHIB whales have been transferring their tokens from centralized exchanges (CEXs) to personal wallets in recent months. Just last week, it was reported that a wallet address associated with Justin Sun withdrew 500 billion SHIB tokens, worth around $5.2 million, from Binance. Additionally, two other whales moved a combined total of $13.3 million worth of SHIB from the same exchange.
In another instance, a new whale transferred a massive 237.86 billion SHIB tokens, equivalent to $2.54 million, from Binance to an unknown wallet. Reports indicate that over 11 trillion SHIB tokens have been withdrawn from CEXs in the past eight months.
At the time of writing, SHIB was trading at $0.00001074, reflecting a slight decline of 0.02% for the day. However, the token has experienced a 5.10% increase over the past week.
Tags: Shiba Inu (SHIB)
