Another astounding lump of SHIB has been transacted, and new whale seems to emerge on market
meme coins moved between two unknown wallets. The sum of SHIB in question surpasses a whopping 4.6 trillion coins.
Meanwhile, since Monday, SHIB has continued its decline, shedding another 4.70% of its price. Since Aug. 12, Saturday, the second largest meme coin has lost 28.64%,The price drop was caused by the unsuccessful release of the Shibarium mainnet at the start of last week. However, the dev team led by the pseudonymous Shytoshi Kusama is doing its best to scale the Layer 2 solution at the moment and make it sustainable to large amounts of traffic.
The curious thing here is that both wallets are new. The sending one was created yesterday and only has a few transfers on its list. The receiving address has just been set up, and accepting this 4,639,778,173,637 SHIB is the only transaction registered on it so far.This could be either a sale or a whale redistributing his cryptocurrency wealth.
Last week, two SHIB transfers of a similar size were detected by Whale Alert, more than nine trillion SHIB transferred in total and one of the transactions was a withdrawal from the Bitvavo exchange. was noticed by Whale Alert, thus making today's transaction the fourth consecutive one over the past week, carrying nearly five trillion SHIB.
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