After three months of inactivity, a major holder of Shiba Inu (SHIB) has unexpectedly resumed activity, moving over 150 billion tokens to a personal wallet.
Holder's Activity
A large SHIB holder, who remained dormant for a long time, has begun transferring tokens from the Bybit exchange to a personal wallet. This activity has resumed after several months and was tracked by the monitoring service Arkham.
Key Transfer Operations
The SHIB token was transferred in several transactions, including one significant transfer of over 107 billion tokens valued at approximately $1.68 million. In total, four transactions were made since the activity resumed, adding up to more than 150 billion SHIB. The most recent transfer brought in over 20 billion tokens valued at about $318,000.
Current Market Situation for SHIB
Amidst the increasing activity from the holder, the SHIB market shows positive trends. The token has gained nearly 9% in the past day and is trading around $0.0000173. This price movement may be connected to the recent transfers, although the true intentions of the wallet owner remain unclear. They might be factoring in current price changes and planning further actions.
This situation surrounding SHIB is attracting the attention of investors and traders who are observing the actions of major holders and overall market changes.
