Shiba

2024

Shiba Inu

Billion

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In an unexpected event,&nbsp;<a href="https://x.com/whale_alert/status/1777174174689050635" rel="noopener noreferrer nofollow">Whale Alert</a>'s recent report has uncovered a staggering transfer of 692.4 billion&nbsp;<a href="https://u.today/shib-to-0000045-58-trillion-shiba-inu-separates-shib-price-from-next-big-milestone" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> tokens, valued at $19.26 million, from the hot wallet of Crypto Com, a leading cryptocurrency exchange. The destination? An undisclosed address, shrouded in mystery.
However, scrutinizing the on-chain data, it appears that the recipient of this colossal transfer is none other than BitGo, a prominent digital asset trust and security firm headquartered in California. The address, "0xe3B," suspected to belong to BitGo, now holds a substantial portfolio worth $52.96 million, including the newly transferred SHIB tokens.&nbsp;
<blockquote>
 🚨 692,400,000,000 <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SHIB</a> (19,260,837 USD) transferred from <a href="https://twitter.com/hashtag/CryptoCom?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#CryptoCom</a> to unknown wallet<a href="https://t.co/EanzRBG2jj" rel="noopener noreferrer nofollow">https://t.co/EanzRBG2jj</a>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1777174174689050635?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 8, 2024</a>
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Notably, SHIB tokens have now taken the top spot in this portfolio, surpassing even the native Crypto Com token, CRO, valued at $10.83 million. This hints at a significant interplatform transaction, dispelling notions of a solitary whale withdrawing tokens from the exchange. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="1e7b2c2f-8211-4639-8c2c-7d2d2a0c583e" src="https://u.today/sites/default/files/inline-images/shibusdt.png">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Interestingly, this massive transfer occurred amid a period of growth for the&nbsp;<a href="https://u.today/shiba-inu-shib-to-reach-000003-if-this-pattern-plays-out" rel="noopener noreferrer nofollow">Shiba Inu</a> token, with its price chart exhibiting optimistic signs. The current trend resembles a double bottom formation, with the token's price consolidating around $0.0000264 after an unsuccessful attempt to breach the $0.00003 mark. Analysts speculate that a breakthrough could propel&nbsp;<a href="https://u.today/shiba-inus-shibarium-skyrockets-6823-in-key-metric" rel="noopener noreferrer nofollow">SHIB's price</a> as high as $0.000046.
The timing of this transfer raises eyebrows, leaving the cryptocurrency community speculating about its potential implications on SHIB's price trajectory. Could this enigmatic movement signal a forthcoming surge in value, or does it hint at broader strategic maneuvers within the crypto space?

692.4 Billion Shiba Inu (SHIB) Leave Major Exchange, But Destination Is Unknown

U_Today

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