More than 280 billion Shiba Inu (SHIB) have been transported by these unidentified whales in three processes. Interestingly, one of the whales sold hundreds of millions on Binance.
These whales play with 281 billion SHIB
Etherscan data shared by the Shibaplay Twitter account shows that a total of more than 281 billion SHIB tokens have been transferred by anonymous wallets in the last 24 hours. These followed Friday’s 115 billion Shiba sales. The Twitter user in question reported three transfers carrying 120,670,363,906, 83,341,872,681 and 77,950,331,254 Shiba Inu. One of the wallets was the target of the first (and largest of the three) transaction made in 24 hours. As of now, crypto remains at this address.
However, nothing can be said about the wallets that received 83.3 million and 77.9 million Shiba. Both of these wallets sent SHIB. Now they don’t have any Shiba in their wallet. The wallet that bought 83,341,872,681 SHIB and then moved (or possibly sold) to another wallet then bought Shiba again in three big mails. The quantities he bought consisted of 243,639,085, 269,636.464, and 269,490,967 Shiba Inu. These three mails immediately sent the entire SHIB to other addresses. With the current price fluctuations of the second largest meme coin, whales are making a profit by buying Shibasat on the decline and selling when the price rises, albeit briefly.
Whale sold 115 billion Shiba Inu on Binance
Friday cryptocoin.comreported that a mysterious whale sent a total of 114,952,894,138 SHIB to a wallet ending in -7e6c. After that, this large chunk of Shiba was sent to a Binance wallet, most likely to be sold. At the time, that amount of Shiba was worth roughly $1.4 million. According to Etherscan, the other three wallets are sending large sums of Shiba to the same Binance wallet at the same time.
SHIB metaverse attracts whales
In the early hours of September 3, Shiba announced that it had taken a bold step towards the mission. Shiba announced on its official blog that the “We Will All Succeed” (WAGMI) Temple project is gaining momentum. In light of the proposal, SHIB noted that the approval is in the hands of its community. Currently, most ShibArmy’s answers seem to agree. However, the update did not turn into a rally for the Shiba price.
Its data to CoinMarketCap showed that SHIB is down 0.17% in the last 24 hours, despite volume rising to $305.37 million. It was a similar model, with a total of 69,087,091 Shibas burned during the same period, with a 47.19% drop in burn rate. Now the question is whether this all aligns with the WAGMI news. A plus to look at was that SHIB retained its top position among Ethereum whales.
Also, it’s too early to shoot the impact of the project as it’s still in the early stages. Additionally, the metrics in the SHIB ecosystem are somewhat contradictory, according to Santiment. While the number of active 24-hour addresses decreased to 4939, the circulation decreased to 1.9 trillion in the last day.
With these changes, it may seem that SHIB is not prepared for the green in the coming days. It is also important for investors to watch Bitcoin movement as it can affect the momentum.
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