Shiba

Giant

Shiba Inu

Billion

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
An unknown major whale made a surprise appearance on the Shiba Inu token scene in the last 24 hours. According to&nbsp;<a href="https://etherscan.io/address/0xEa7433f1FD6FF5b982357f5C7CB81ef78b6Dd823" rel="noopener noreferrer nofollow">Etherscan</a>, about 14 hours ago, address "0xEa74" received more than 293 billion&nbsp;<a href="https://u.today/shiba-inu-shib-enters-new-era-community-excited" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a>, equivalent to $2.84 million, from address "0x5aA." The recipient address is new, no transactions have been made with it before and there are no other assets on it besides SHIB.&nbsp;
Whether the transfer of Shiba Inu tokens to this wallet is a strategic move by some unknown big player or something else is behind it will be revealed in the coming days by tracking this address. The bottom line, however, is that no other wallet has seen larger SHIB inflows than this wallet in the last 24 hours. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="9124c22d-2af2-400c-8a3c-e635ac500797" src="https://u.today/sites/default/files/inline-images/shiba_6.png">Source: <a href="https://etherscan.io/address/0xEa7433f1FD6FF5b982357f5C7CB81ef78b6Dd823#tokentxns" rel="noopener noreferrer nofollow">Etherscan</a>
With its interest in&nbsp;<a href="https://u.today/shiba-inu-shib-avoids-death-cross-formation" rel="noopener noreferrer nofollow">SHIB</a>, however, this whale is not alone. According to&nbsp;<a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>, the popular meme-inspired cryptocurrency has seen trading volumes rise by more than 9.5% to $120.66 million in the past 24 hours. This also indicates the increased interest of market participants in SHIB trading, which means an influx of liquidity into its market and an impending increase in volatility.
As the community continues to analyze this unexpected influx of SHIB tokens, questions abound regarding its potential implications and the identity of the entity behind it. While the situation unfolds,&nbsp;<a href="https://u.today/no-shib-airdrops-shiba-inu-team-says-as-scams-proliferate" rel="noopener noreferrer nofollow">Shiba Inu</a> holders will be closely monitoring developments, eager for insights into the motives driving such substantial activity and its potential impact on popular meme-inspired cryptocurrency dynamics.

Mysterious Giant Grabs up 293 Billion Shiba Inu (SHIB) in Surprise Move

U_Today

Other articles published on Feb 26, 2024

Horizon Futures: Dual Oracles and Fees

How to Buy SUN Coin?

AI Model Transforms Food Waste Management

Bitcoin ETF: SEC Considers Option Approval

Shrapnel Game Cracks Down on Cheaters

Dogecoin Developer Drops Hint About Major Update in Works

Join our free newsletter for daily crypto updates!