The leading cryptocurrency tracking robot, Whale Alert, which tracks cryptocurrency transfers initiated by whales and cryptocurrency exchanges, has revealed details of a massive meme coin deal, carrying trillions of SHIB coins.
Meanwhile, the price of SHIB has seen a significant increase enough to get rid of a single zero. The SHIB army responded enthusiastically to the tweet regarding the large SHIB transfer.
Trillions of SHIB Exchanged by Unknown Whales
Consisting of 4,238,953,460,450 Inu Shibas between whale wallets – both labeled as “unknown.”
Astonishing SHIB Piece
The total valuation of these trillions of meme coins surpasses $42.2 million in paper currency.
Since Whale Alert does not mention any cryptocurrency exchange transactions here, this could be an over-the-counter (OTC) trade or the whale distributing its cryptocurrency wealth among different blockchain addresses.
In the fall of this year, Whale Alert reported multiple similar SHIB transfers when over three (sometimes four) trillion Shiba Inu coins were transferred out of centralized cryptocurrency exchanges, moved between anonymous wallets, or internally transferred through exchanges.
Now, with SHIB starting to surge significantly again, the mentioned deal above could indicate that major market players are once again showing interest in Shiba Inu as a leading cryptocurrency, which has recently proven to be more than just a meme with its key developments and impact on the cryptocurrency space.
The main developer of SHIB, the pseudonymous name Shytoshi Kusama, was recently listed in the prestigious CoinDesk’s Top 50 Influencers in the cryptocurrency field.
SHIB Price Gets Rid of Zero
This week has been filled with attempts by Shiba Inu to break through and hold above the $0.00001 level. It achieved a massive 16.22% increase and reached a resistance level at $0.00001040 on Tuesday. This increase was followed by a 9.71% decrease.
With an increase of over 10%, reaching $0.00001042, it once again gets rid of a full zero from its price.
In this week, the Shiba Inu team made a more generous contribution to burning SHIB, sending a total of 8.2 billion SHIB to a burn address, the first time since the launch of Shibarium. The billions burned from SHIB are likely transaction fees converted from BONE to SHIB.
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