An anonymous Shiba Inu (SHIB) whale is suddenly moving over a trillion SHIB in a single massive transaction.
According to new data from whale-surveying platform Whale Alert, a deep-pocketed trader abruptly shifted a staggering 2.6 trillion tokens worth about $23 million at time of writing from one unknown crypto wallet to another.
The data reveals the high-net-worth investor moved the funds on the morning of December 16th for a fee of just $1.01 worth of leading smart contract platform Ethereum (ETH).
Another whale-watching platform, WhaleSats, finds that the dog-themed meme asset is the sixth-most held token by the world’s largest ETH whales as they combine to own $53,876,200 worth of the Dogecoin (DOGE) competitor.
According to market intelligence firm IntoTheBlock, 80% of SHIB tokens are held by entities that own between 0.1% and 1% of its total circulating supply. It also finds that at current prices, 83% of SHIB holders would lose money if they sold the meme asset while only 16% would profit.
The data further reveals that 58% of SHIB owners have been hanging on to the token for more than a year while 37% have owned it for 1-12 months.
Shiba Inu is changing hands at $0.000009 at time of writing, a 4% decrease during the last 24 hours.
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