An Unidentified Crypto Wallet Sent a Whopping 2.8 Trillion Shiba Inu After Months

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Top Whale Adds 290B Shiba Inu as the Price Rises
Top Whale Adds 290B Shiba Inu as the Price Rises

Shiba Inu (SHIB) worth $29.16 million is transferred from a dormant wallet after months of inactivity to an unidentified wallet.

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According to The Whale Alert, a Shiba Inu Whale that has been dormant for almost two months has finally become active. This company monitors and reports blockchain statistics and transactions. 

Around 10 hours ago, the crypto wallet made a massive transfer of 2,871,107,075,474 (2.87T) SHIB, worth $29,164,849 ($29.16M), to the newly created anonymous wallet.

The transferred amount matches the sum the dormant whale received on August 9th, 2022 (roughly 64 days earlier) from another unidentified wallet. The massive transfer has left the dormant Shiba Inu Whale with no SHIB balance, according to data from Etherscan.io.

The price hasn’t changed due to the announcement. However, Shiba Inu is now trading at $0.00001000, down -3.1% from the previous day, and has a 24-hour trading volume of $144,421,355 ($144.42M). 

the coin also lost -22.1% of its value during the past 30 days, -10.1% over the previous 14 days, and -12.5% from a week earlier, according to data given by CoinGecko.

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