This Monday, Shiba Inu (SHIB) Mountain range a staggering $36 million transferred between anonymous wallets, according to data from Whale Alert. The transfer has not had any significant impact on the price of the popular meme coin.
A busy month for SHIB transfers
Throughout October, the SHIB community observed several major transfers, emphasizing the coin’s continued appeal to major traders and investors.
Just a few days ago, on October 21, a whopping 4.5 trillion SHIB, equivalent to about $32.1 million, was transferred from one undisclosed wallet to another.
This was not an isolated incident. On October 20, two separate transactions were carried out, transferring approximately 4.55 trillion SHIB and 4.56 trillion SHIB, valued at approximately $31.5 million and $31.75 million respectively.
At the beginning of the month, on October 17, 4.57 trillion SHIB, or about $31.6 million, changed hands in another transaction.
These significant transfers provide a glimpse into the intense speculation surrounding the popular meme currency.
Shiba Inu Market Behavior
As of now, SHIB is trading at $0.00000798, according to data from CoinGecko. Despite the large sums moved, the cryptocurrency has shown relatively stable behavior with a small drop of 0.3% in the last 24 hours.
Its daily trading range is $0.00000787 to $0.00000807, which means relatively stable trading conditions.
Shiba Inu boasts an impressive market capitalization of around $4.7 billion, with a daily trading volume close to $139.7 million.
