Alex Dovbnya<\/p>\n
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Whale Alert reported the movement of 4.5 trillion SHIB tokens, equivalent to a sizable $31.6 million, between unidentified wallets<\/p>\n<\/div>\n
A significant transfer of 4.5 trillion Shiba Inu tokens, equivalent to $31.6 million, was recently spotted by Whale Alert<\/a> <\/strong>as it moved between unknown wallets.<\/p>\n The price of the SHIB token is down 2.3% over the past 24 hours, according to CoinGecko data.\u00a0<\/p>\n According to data<\/a> from IntoTheBlock, SHIB’s large holders continue to dominate a significant portion of the token’s circulating supply.\u00a0<\/p>\n There are currently 12 whale addresses, each holding more than 1% of the circulating supply, combining to a staggering 63.48% or 623.48 trillion SHIB.\u00a0<\/p>\n In contrast, there are 47 “investor” addresses, each holding between 0.1% and 1.0% of the supply, accounting for 14.22% or 139.68 trillion SHIB<\/a>.\u00a0<\/p>\n Such concentrated ownership often means that large transactions, like the one observed, can have ripple effects across the market.\u00a0<\/p>\n The recent inflow and outflow activity<\/a> among large holders indicate a significant spike in interest, with inflows increasing by 1201.01% in the past seven days alone. Conversely, outflows saw a decrease of 28.61% during the same period.<\/p>\nA peek into Shiba Inu’s whale dynamics<\/h2>\n
Shiba Inu’s price performance \u00a0<\/h2>\n
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