Shiba

Million

Shiba Inu

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
This Monday, Shiba Inu (SHIB) <a href="https://twitter.com/whale_alert/status/1719035970551501053" rel="noopener noreferrer nofollow">saw</a> a staggering $36 million transferred between anonymous wallets, according to Whale Alert data. The transfer has not had any significant impact on the price of the popular meme coin.&nbsp;
A busy month for SHIB transfers
Throughout October, the <a href="https://u.today/shiba-inu-shib-on-course-to-erase-another-zero" rel="noopener noreferrer nofollow">SHIB</a> community observed several large transfers, emphasizing the coin's continued attraction to substantial traders and investors.&nbsp;
Just days ago, on Oct. 21, a whopping 4.5 trillion SHIB, equivalent to about $32.1 million, was moved from an undisclosed wallet to another.&nbsp;
This was not an isolated incident. On Oct. 20, two separate transactions took place, transferring roughly 4.55 trillion SHIB and 4.56 trillion SHIB, valued at approximately $31.5 million and $31.75 million respectively.&nbsp;
Earlier in the month, on Oct. 17, another transaction saw 4.57 trillion SHIB, or about $31.6 million, change hands.&nbsp;
These sizable transfers provide a glimpse into the intense speculation surrounding the popular meme coin.&nbsp;
Shiba Inu's market behavior&nbsp;
As of now, SHIB is trading at $0.00000798, according to <a href="https://www.coingecko.com/en/coins/shiba-inu" rel="noopener noreferrer nofollow">CoinGecko data</a>. Despite the large sums being moved, the cryptocurrency has shown relatively stable behavior with a minor 0.3% drop over the past 24 hours.&nbsp;
Its daily trading range is from $0.00000787 to $0.00000807, signifying relatively steady trading conditions.&nbsp;
<a href="https://u.today/shiba-inu-shib-possible-price-correction-triggers-whale-exodus" rel="noopener noreferrer nofollow">Shiba Inu</a> boasts an impressive market capitalization of around $4.7 billion, with a daily trading volume nearing $139.7 million.&nbsp;

Shiba Inu (SHIB) Sees Massive $36 Million Transfer

U_Today

Other articles published on Oct 30, 2023

US Treasury to borrow $776 billion in the final three months of 2023

Crypto Rally Pre-Fed Meeting; $45-50K for Bitcoin Ahead?

$15 Trillion Could Enter the Markets for Bitcoin Upon Spot-Based ETF

President of El Salvador, Nayib Bukele, has announced his reelection campaign.

Gemini Exchange Files Lawsuit Over $1.6 Billion Collateral Dispute

How to Capitalize on the Next Bitcoin Bull Cycle, According to Pro BTC Trader

Join our free newsletter for daily crypto updates!