A few hours ago, there was a massive Shiba Inu transaction involving over 1 trillion tokens. Etherscan data has revealed that an anonymous wallet sent 1,060,594,914,048,897 meme coins to cryptocurrency exchange Coinbase 8 hours and 30 minutes ago.
The sender paid a transaction fee of approximately $0.58 and a gas fee of only $0.00000001 to perform the transfer. All Shiba Inu tokens sent were worth $10.35 million.
The sending address has no Shiba Inu left in its wallet. Although the tokens sent to Coinbase looked like a big sell, SHIB recorded a big green candle on its chart right after the transaction.
After the opening price of $0.00000945, the meme coin deleted a zero and went up to $0.00001014. But the price did not manage to stay at the stated level for long. A retreat soon followed. Meme coin is currently trading at $0.00000974.
In addition to Shiba Inu’s short rally, BONE, another token from the Shiba Inu ecosystem, has increased by nearly 50% in 2 weeks. As explained by the team, BONE was created to be used by SHIB’s Layer-2 validators.
Shiba Inu Investor Profitability
Unlike Dogecoin, the majority of Shiba Inu investors are at a loss at press time. On average since the year-to-date, only 30.7% of addresses are in profit. 64.51% of addresses suffered losses.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.