According to on-chain data Shiba Inu Its purchases have grown by more than $10 million in the last 24 hours. According to blockchain tracking platforms, 311.17 billion SHIB tokens were moved to an unknown wallet in two large transactions.
In the first transfer, an anonymous address transferred 288.639 billion SHIB, worth $9.1 million, to an anonymous wallet. Immediately after this, he made another transfer involving 22.531 billion SHIB, equivalent to $736,080, reportedly originating from the Bitvavo exchange.
As Arkham Intelligence notes, the potential connection between these transactions and Bitvavo is likely. There is speculation as to whether these unknown wallets are also associated with the platform in question.
The timing of these major token moves is notable, occurring before the Shiba Inu experienced a significant increase in price of over 7.5%. Notably, this increase found support at a known level of $0.00003 per token, resulting in a valuation of $0.000034 per SHIB.
As we reported as Koinfinans.com, the succession of these events attracted great attention. Moreover, the SHIB ecosystem attracted attention with its very activity last week.
