Crypto
Shiba Inu Whale Transfers 125 Billion Tokens to New Wallet Address
A large SHIB whale has moved 125.33 billion tokens to a new wallet address, sparking speculation in the Shiba Inu community.
The receiving wallet, identified as '0x51580B706d0E84eC9DE947cDeA33c56D616aaA38', had no prior on-chain history, suggesting it was freshly created for this transfer.
Mazrael, a long-time Shiba Inu community member, noted that the wallet is described as 'unlabeled' by all sources used. It has no associated domain or alias on-chain, further fueling mystery surrounding the transaction.
The SHIB tokens were transferred from a BitGo custody wallet, which had recently received massive SHIB deposits from two major whales - one an early 'trillionaire' whale and another a dormant whale that woke up after three years.