24 Trillion Meme Coin Transactions From The Giant Exchange! What’s going on?

Crypto.com, one of the world’s leading exchanges, Shiba Inu (SHIB) attracted the attention of the cryptocurrency community with his transaction. The exchange moved a large pile of Shiba Inu (SHIB) worth $269.59 million a few hours ago to a new address. After this transaction, the new address became the 4th largest meme coin owner. Here are the details.

According to Etherscan.io data, Crypto.com recently transferred 24,939,482,510,233 (24.93 trillion) SHIBs worth $269,595,805 ($269.59 million) from one of its wallets labeled “Crypto.com 3” to its new wallet. Ultimately, Crypto.com’s new wallet became the 4th largest owner of the Shiba Inu (SHIB).

Koinfinans.com As we reported, the amount transferred was so large that the transaction did not go unnoticed by the meme coin community. Upon this, the CEO of Crypto.com, Kris, explained the reason behind the move in a statement on Twitter. Kris stated that the transaction is part of Crypto.com’s routine custody operations, where they rebalance assets between new addresses to keep their wallets safe. He also added that the transfer will not affect customers in any way. The company has also updated its asset dashboard in Nansen.

This massive SHIB transfer led to an increase in the Shiba Inu’s trading activity. The massive transfer makes SHIB one of the most traded tokens among the 2000 largest ETH whales in the last 24 hours. brought.

You can check the price movements here.

Source : the crypto basic

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