In a recent development, a large amount of Shiba Inu tokens were transferred from leading cryptocurrency exchange OKX to an undisclosed wallet with the address “0x422.” The transaction, totaling 11.03 billion Shiba Inu tokens and valued at approximately $100,000, has caught the attention of many.
In a recent development, a large amount of Shiba Inu tokens were transferred from leading cryptocurrency exchange OKX to an undisclosed wallet with the address “0x422.” The transaction, totaling 11.03 billion Shiba Inu tokens and valued at approximately $100,000, has caught the attention of many.
Following the withdrawal of OKX, Etherscan The data reveals that the tokens were later transferred to another unidentified wallet, named “0xE95.” Currently, this wallet contains a substantial amount of Shiba Inu tokens, amounting to 56.846 million, surpassing a valuation of over half a million dollars.
Notably, the wallet also contains 87.71 thousand Uniswap tokens (UNI), equivalent to $542,000, in addition to a portion of Ethereum (ETH), bringing the total assets of this undisclosed investor to more than $1 million. .
The next big step for SHIB
In the context of these notable SHIB transfers, attention is drawn to the price action of the Shiba Inu token. Over the past eight days, the price of the token has shown a predominantly sideways movement, ranging from a low of $0.0000084 to a high of $0.0000094. This pattern suggests an accumulation phase, a critical period in which large investors often make strategic decisions regarding their asset holdings.
The observed transfer of Shiba Inu tokens, coupled with the current price dynamics, implies an imminent significant move in the SHIB price chart. While the direction of this movement remains uncertain, recent transactions, as exemplified by the substantial transfer, indicate a bullish stance among notable players in the crypto space.
