Significant movements of Shiba Inu (SHIB) have been registered in the past hours, including transactions between anonymous cryptocurrency wallets.
25.5 Billion SHIB on the Move
Etherscan spotted several transfers carrying one or two billion SHIB each. The largest transactions included 7,923,930,269 SHIB; 5,515,347,063 SHIB; and 2,178,586,538 SHIB. Some of these transactions were linked to major cryptocurrency exchanges such as OKX and Binance.
Current Activity Analysis
The data indicates that, despite the decline in SHIB's price, whale investors are actively accumulating this cryptocurrency and reshuffling their holdings. Meanwhile, some investors are selling billions of SHIB.
Response from Shiba Inu Team
The SHIB team's marketing lead, known as Lucie, has issued a statement condemning unscrupulous practices in the crypto market. Lucie emphasized that the Shiba Inu team never maliciously targets rivals but focuses on building, improving, and ensuring safety.
The active movement of a large volume of SHIB highlights the vibrant activity around this meme coin, while the Shiba Inu team focuses on safety and development.
