24 Trillion SHIB Coins Moved: Ethereum Whales on a Buying Spree?

Von | 21. März 2023

• Over 24 trillion SHIB tokens worth $272 million were moved from a cryptocurrency exchange in the last 24 hours.
• Ethereum whales have accumulated more than $600 million worth of SHIB tokens, and the top 5000 ETH whales control more than $600 million in SHIB tokens.
• A new restaurant has opened in Surfers Paradise, Australia which accepts Shiba Inu Coin as payment.

24 Trillion Shiba Inu Moved: Whales Making Big Move?

Transactions Worth $272 Million

According to Whalealert, over the last 24 hours, various transactions have moved more than 24 trillion Shiba Inu coins worth $272 million, from the cryptocurrency exchange Crypto.com. Moving 4.1 trillion SHIB tokens worth $45 million to an unidentified wallet was the largest transaction recorded by the tracker. These transactions, however, had no impact whatsoever on the price of Shiba Inu.

Ethereum Whales Accumulating SHIB Tokens

Ethereum Whales have accumulated more than $600 million worth of SHIB tokens and the top 5000 Ethereum (ETH) whales, according to WhaleStats, currently control more than $600 million in SHIB tokens. The most traded token and the largest token position by dollar value are both SHIB tokens. According to WhaleStats, the most widely held token is the Uniswap (UNI) token. Prior to the release of Shibarium, the number of Ethereum addresses holding SHIB increased over 1.3 million, and users on Coinbase now retain SHIB on average for longer than 230 days before selling it or moving it to another address.

Shiba Wings Restaurant Opens Up

According to a recent post from Shib Army, „Shiba Wings“ – a new restaurant – has opened up in Surfers Paradise, Australia that accepts cryptocurrency as a mode of payment with a special focus on Shiba Inu Coin (SHIB). It was deemed „a great example of decentralization“ by Shytoshi Kusama.

Price Range For The Previous Week

Shiba Inu’s price over the previous seven days ranged from a high of $0.00001177 to a low of $0