In a surprising revelation, on-chain data has revealed a substantial increase in purchases of Shiba Inu tokens, totaling over $10 million in the last 24 hours. Blockchain explorers have traced the movement of a staggering 311.17 billion Shiba Inu tokens to an unknown wallet, executed in two sizable transactions.
In a surprising revelation, on-chain data has revealed a substantial increase in purchases of Shiba Inu tokens, totaling over $10 million in the last 24 hours. Blockchain explorers have traced the movement of a staggering 311.17 billion Shiba Inu tokens to an unknown wallet, executed in two sizable transactions.
In the first transfer, a shadowy individual funneled 288.639 million SHIB, valued at $9.1 million, to the anonymous wallet. Following closely behind, a more modest transfer of 22.531 million SHIB, equivalent to $736,080, was completed, reportedly from the Bitvavo exchange.
What is intriguing is the potential link between these transactions and the European crypto platform Bitvavo, as suggested by insights from Arkham Intelligence. Speculation is arising as to whether these unknown wallets could also be associated with the said platform.
The timing of these massive token moves is of particular significance, as they occurred just before Shiba Inu experienced a notable over 7.5% increase in its price. Notably, this rally found support at the familiar $0.00003 per token level, culminating in a valuation of $0.000034 per SHIB.
The juxtaposition of these events sparks curiosity and raises questions about the underlying dynamics driving recent Shiba Inu activity. Given that last week was already marked by notable developments in the SHIB ecosystem, this latest revelation only serves to increase interest in the trajectory of the meme cryptocurrency.
