Shiba

2024

USDC

Shiba Inu

Spot

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Crypto data tracker Whale Alert has spotted a large <a href="https://u.today/shiba-inu-erases-zero-as-shib-price-jumps-7" rel="noopener noreferrer nofollow">Shiba Inu</a> move within the last 24 hours. A Robinhood-named address received a large transfer of 3 trillion SHIB tokens worth about $50 million from an unknown wallet.
<blockquote>
 🚨 🚨 3,023,255,579,400 <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SHIB</a> (49,933,096 USD) transferred from unknown wallet to unknown wallet<a href="https://t.co/3D24M928iE" rel="noopener noreferrer nofollow">https://t.co/3D24M928iE</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1763712666269307024?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 1, 2024</a>
</blockquote>
<a href="https://twitter.com/whale_alert/status/1763712666269307024" rel="noopener noreferrer nofollow">Whale Alert</a> reported, "3,023,255,579,400 SHIB ($49,933,096) was transferred from an unknown wallet to an unknown wallet."&nbsp;
Robinhood's SHIB acquisition coincides with a remarkable rally for the token, which has soared by over 70% in the last 24 hours, reaching highs of $0.00002888 in early Saturday trading.
SHIB has <a href="https://twitter.com/santimentfeed/status/1763729403220287523" rel="noopener noreferrer nofollow">outperformed</a> many other major cryptocurrencies, including Bitcoin, Ethereum and Dogecoin, and has climbed to the 11th spot in the market capitalization ranking, with a valuation of over $12.8 billion.
At the time of writing, SHIB was up 62.20% in the last 24 hours to $0.00002149. The dog token is also set to post its best weekly close since October 2021, currently up 129%, according to CoinMarketCap data.
<h2 id="what-happened-on-chain-ahead-of-shib-s-massive-pump">What happened on-chain ahead of SHIB's massive pump?</h2>
As Shiba Inu's price skyrocketed by about 70% in the last 24 hours, the on-chain analytics platform Spot On Chain reports what happened on-chain in the past three days leading to the pump.
<a href="https://twitter.com/spotonchain/status/1763759623268360637" rel="noopener noreferrer nofollow">Spot On Chain</a> highlights three occurrences that might have contributed to SHIB's price pump. First, a "smart trader" bought 75.91 billion SHIB, now worth $1.51 million, from Binance two days before the pump. This trader has now netted over $614,000 in gains on his Shiba Inu buy.
Second, MakerDAO co-founder Rune is reported to have bought 7.41 billion SHIB with 100,000 USDC for the first time and has netted about $47.1 billion on his SHIB purchase.
Third, an UPbit-named wallet has accumulated 2.13 trillion <a href="https://u.today/shiba-inu-skyrockets-454-in-epic-shib-whale-comeback" rel="noopener noreferrer nofollow">SHIB</a>, now worth $42.3 million, in the last 24 hours. Currently, this wallet is the seventh largest-holding wallet of SHIB, with 12.45 trillion SHIB worth $247 million.

3 Trillion SHIB Moved to Robinhood Address as Shiba Inu Price Makes 70% Jump

Table of Contents

U_Today

Other articles published on Mar 2, 2024

Shiba Inu Coin Captures Market Spotlight With Sudden 70% Price Jump

Crypto Roundup, 2 March: Is Altcoin Season Around the Corner

Bitcoin Faces Potential Downturn as Market Indicators Signal Correction

Indonesia to consider changes in crypto taxation amid industry concerns

Uniswap Foundation Proposes Fee Allocation to Token Holders

XRP Price Prediction: Will XRP Reach 3$ Soon?

Join our free newsletter for daily crypto updates!