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Anonymous Shiba Inu (SHIB) whales are suddenly moving over 1 trillion SHIB in one big trade.
New data from whale research platform Whale Alert suggests that wealthy traders are suddenly deviated A staggering 2.6 trillion tokens worth about $23 million at the time of writing have moved from one unknown crypto wallet to another.
The data reveals that wealthy investors transferred funds on the morning of December 16 with a fee equivalent to just $1.01 on leading smart contract platform Ethereum (ETH).
WhaleSats, another whale-watching platform, found dog-themed meme assets to be the sixth most common. hold World’s Largest ETH Whale Tokens Combine to Own Dogecoin (DOGE) Competitor Worth $53,876,200.
The only tokens that ETH Whale owns above SHIB are stablecoins such as Tether (USDT), USD Coin (USDC), DAI, and Lido Stake Ether (stETH).
According to market research firm IntoTheBlock, 80% of SHIB tokens are held by: Own Between 0.1% and 1% of the total circulating supply. We also found that at current prices, 83% of SHIB holders would lose money if they sold their memetic assets, while only 16% would make a profit.
The data further shows that 58% of SHIB holders have held their tokens for over a year and 37% have held them for 1-12 months.
The Shiba Inu is trading at $0.000009 at the time of writing, down 4% over the past 24 hours.
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Featured image: Shutterstock/80s kid
