According to the latest news, Crypto.com exchange Shiba Inu There is a surprisingly large movement taking place on the front. According to data from Etherscan, approximately 2 trillion SHIBs worth $78.5 million were transferred between the exchange’s hot wallets.
According to the latest data, there is a total of 2.979 trillion SHIB in the exchange’s hot wallets, which has exceeded the $100 million limit. This extraordinary transfer means Crypto.com has unexpectedly moved more than two-thirds of its Shiba Inu assets today.
As we reported as Koinfinans.com, the latest news is that the stock market SHIB It reveals that its position has become even more significant, with assets approaching 4.3 trillion coins worth approximately $150 million.
This significant move occurred around the same time as a notable rise in Shiba Inu price, resulting in an increase of 4.2% or more. Gaining momentum since the beginning of March, the meme coin is currently trading at $0.000035, marking a significant increase of 174%. Despite market fluctuations, the Shiba Inu token maintains its place among the top 10 crypto assets with a market capitalization of $20.3 billion.
SHIB enthusiasts are now struggling to understand the motivations behind Crypto.com’s big transfer. Could this be a simple asset swap, or is the exchange positioning itself for a future price surge? Potential explanations can range from routine asset moves to impending market manipulation.
