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Shiba Inu Whale Moves 200,899,251,805 SHIB in a Single Transaction as Bitcoin and Crypto Markets Search for Support

One of the largest Shiba Inu (SHIB) whales in existence just surfaced as Bitcoin and the crypto markets at large coil up for their next big move.

The whale tracking platform WhaleStats was first to identify a huge crypto transfer shifting 200,899,251,805 SHIB worth $2,207,882 in a single transaction.

The entity that initiated the transfer is the 254th-largest Ethereum whale on record, and paid just $2.03 to move the entire lot of SHIB.

The crypto in question does not appear to be heading to any known crypto exchange addresses, where it could potentially be sold on the open market.

The huge transfer has drained the Ethereum whale of all of their SHIB, and the whale’s single-biggest position is in ETH itself.

The whale now holds a remarkable 4,423 ETH worth $6,923,259.

Its second-largest holding is $3,003,031 in the stablecoin Tether (USDT), followed by $1,228,848 in the stablecoin USD Coin (USDC).

After that, the whale holds 90,543 Uniswap (UNI) worth $575,854, and 4,755 AAVE worth $359,538.

Shiba Inu remains the largest altcoin holding among the 500-biggest Ethereum whales in existence, not counting ETH itself and stablecoins.

After an explosive start to the year, SHIB’s price has consolidated to $0.00001099 at time of publishing, down 0.2% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Kiselev Andrey Valerevich/Andy Chipus

The post Shiba Inu Whale Moves 200,899,251,805 SHIB in a Single Transaction as Bitcoin and Crypto Markets Search for Support appeared first on The Daily Hodl.

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