A recent transaction involving Shiba Inu tokens has garnered significant attention in the crypto community. The transfer of over 2.5 trillion tokens has become a topic of discussion.
Major SHIB Transaction
According to Whale Alert, 2,542,712,471,794 Shiba Inu tokens, valued at approximately $31.65 million, were transferred from an unknown wallet to Coinbase Institutional.
Speculation on Transfer Reasons
The transaction sparked speculation about whether it could be a sell-off preparation or asset migration. However, it was noted that the transaction is related to custody rather than an active sale.
Current SHIB Price
In recent days, Shiba Inu's price reached $0.00001282, showing a rise of 3.10% in the last 24 hours. Nevertheless, it remains within a downward trend.
The large Shiba Inu transaction on Coinbase Institutional highlights the growing interest in this cryptocurrency despite current market fluctuations.
