Shiba

Shiba Inu

Trillion

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In a surprising turn of events, the cryptocurrency market witnesses a massive movement of Shiba Inu tokens within the renowned Crypto Com exchange. The exchange has reportedly transferred a staggering 2 trillion&nbsp;<a href="https://u.today/shiba-inu-shib-torches-monstrous-298-million-tokens-price-fails-to-soar" rel="noopener noreferrer nofollow">SHIB</a> between its hot wallets, equivalent to a whopping $78.5 million, per data from&nbsp;<a href="https://etherscan.io/advanced-filter?fadd=0xcffad3200574698b78f32232aa9d63eabd290703&amp;tadd=0xcffad3200574698b78f32232aa9d63eabd290703" rel="noopener noreferrer nofollow">Etherscan</a>.
Arkham's latest&nbsp;<a href="https://platform.arkhamintelligence.com/explorer/address/0xCFFAd3200574698b78f32232aa9D63eABD290703" rel="noopener noreferrer nofollow">insights</a> reveal that the exchange's hot wallets currently hold a total of 2.979 trillion SHIB, surpassing the $100 million mark. This unprecedented transfer indicates that more than two-thirds of Crypto Com's SHIB holdings were shifted unexpectedly today.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="6a9c100c-a7ab-4d4d-81dc-24b2b6e46e2f" src="https://u.today/sites/default/files/inline-images/shibaeth_0.png">Source: <a href="https://etherscan.io/advanced-filter?fadd=0xf3b0073e3a7f747c7a38b36b805247b222c302a3&amp;tadd=0xf3b0073e3a7f747c7a38b36b805247b222c302a3&amp;tkn=0x95aD61b0a150d79219dCF64E1E6Cc01f0B64C4cE" rel="noopener noreferrer nofollow">Etherscan</a>
Moreover, recent reports on CoinMarketCap suggest that the exchange's position in SHIB is even more substantial, with holdings nearing 4.3 trillion tokens, valued at nearly $150 million.
<h2 dir="ltr" id="shiba-inu-shib-price-outlook">Shiba Inu (SHIB) price outlook</h2>
This significant movement coincides with a notable surge in the&nbsp;<a href="https://u.today/37-trillion-shiba-inu-shib-in-24-hours-whats-happening-with-meme-token" rel="noopener noreferrer nofollow">SHIB price</a>, witnessing a 4.2% increase or more. The meme-inspired cryptocurrency, which has been gaining momentum since early March, is currently trading at $0.000035, marking a remarkable 174% surge. Despite fluctuations on the market, the&nbsp;<a href="https://u.today/shiba-inu-to-000005-shib-price-pattern-signals-bullish-momentum" rel="noopener noreferrer nofollow">Shiba Inu</a> token maintains its position among the top 10 crypto assets, boasting a market capitalization of $20.3 billion. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="1fb5e2b7-c59f-4982-b732-d1589af01668" src="https://u.today/sites/default/files/inline-images/shibprice_2.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
SHIB enthusiasts are now scrambling to understand the motivations behind Crypto.com's large transfer. Could it be simple asset relocation, or is the exchange positioning itself for a future price swing? Potential explanations could range from routine asset relocation to upcoming market manipulation.

Whopping 2 Trillion SHIB on Move: Shiba Inu Price Rockets 4.2%

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