Crypto
Shiba Inu Whale Wallet Swells with $23M Crypto Haul
A significant transfer of Shiba Inu tokens from Coinone has been recorded, with 361B SHIB moving into a whale wallet on Sept. 10.
The largest transaction contained 355.27 billion SHIB worth around $1.87 million, followed by transfers of 4.29 billion and 1.5 billion tokens.
The receiving address is not a small wallet, holding approximately $23.53 million in crypto assets, including about $9.68 million of Ethereum and $1.22 million of ONDO.
Despite the large transfer out of Coinone, exchange supply for SHIB has been falling, but prices have not rallied as expected.