An anonymous wallet transferred $1.7 million worth of Shiba Inu (SHIB) to an address linked to Crypto.com. Meanwhile, the Shiba Inu community is constantly pressuring to light the SHIB arse. Binance has announced the list of most watched cryptocurrencies in 2022. SHIB is also on the list.
Anonymous wallet moves 200 billion SHIB to CryptoCom
Shiba Inu (SHIB) whale movements have been persistent lately regardless of market conditions. Because the network recently witnessed the transfer of 200,010,000,000 (200 billion) SHIB tokens worth $1,744,087 ($1.7 million) from an unknown wallet to an address linked to the Singapore-based cryptocurrency exchange Crypto.com.
Information from Ethereum Blockchain explorer Etherscan reveals that the transaction took place today. With the Crypto.com 5 tag, the receiving wallet is known to be associated with the central exchange Crypto.com. The wallet with a balance of $2,089,643 has received consistent transfers from various wallets, including accounts on American exchange Coinbase and DEX Bibox. Its central holding is in SHIB with a balance of 236,398,272,911 SHIB ($2,061,392).
The sending wallet, however, remained anonymous. The recent exit of 200 billion SHIB emptied the wallet as its current balance is $0.26 worth of ETH tokens. However, Etherscan data reveals that the wallet has received constant logins from several wallets linked to the exchange over the past months, including wallets owned by Gemini, KuCoin, and Binance. But all exits go to Crypto.com wallets.
Single wallet burned 26 million SHIB
More than 163.75 million Shiba Inu (SHIB) were taken out of circulation last week and 31.19 million in the last 24 hours. The single wallet took multiple transactions to burn 26 million Shiba Inu. Burning attempts led by the Shiba Inu community sent 163,759,136 (163.75M) SHIBs to ‘hell’ addresses in fifty separate transactions last week.
ShibArmy has burned 31,197,422 (31.19M) SHIBs in eighteen separate transactions in the last 24 hours alone.
The mystery wallet has burned the most Shiba Inu tokens in the last 24 hours. The wallet has burned 26 million SHIB in seven separate transactions in the last 24 hours. According to Etherscan.io data, the anonymous wallet had a major burn of the day. In the transaction in question, the wallet sent 10,400,000 (10.40M) worth of SHIB to the empty address.
More burns from the same wallet could be seen soon. Because, the wallet still holds 93.6 million (93.60M) SHIB.
1.3 trillion SHIB transfers made with Binance news
Meme coin Shiba Inu has been trading under increasing selling pressure for the past few weeks. However, the SHIB price is the least declining among the top cryptocurrencies. The altcoin price has dropped about 2% in the last 7 days. Amid the recent price drop, crypto whales took the opportunity to add more Shiba Inu to their wallets. According to whale tracker data, whales have carried more than 1.3 trillion SHIB in the last 24 hours. The cumulative value of the total SHIB carried by the whales is approximately $12 million.
cryptocoin.com As we reported, one whale added 200 billion SHIB in a single transaction. The crypto whale bought about $1.7 million worth from crypto.com crypto exchange. However, another whale also moved 200 billion SHIB. According to experts, it is possible that this will lead to a price increase of SHIB. Meanwhile, the largest single transaction recorded by the viewer was to move 248.2 billion SHIB (about $2.1 million).
The largest crypto exchange Binance has released its list of the top 3 most-watched digital assets of 2022. The list consists of Bitcoin (BTC), Ethereum (ETH), and Shiba Inu. However, the SHIB price has not seen an increase since this announcement by the Binance exchange.
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