An unidentified crypto whale has emerged in the market, causing a stir as it moves trillions of Shiba Inu (SHIB) tokens. This massive movement comes as the popular memecoin experiences a surge in value, reaching heights not seen in weeks.
According to Whale Alert, a blockchain-tracking service, a deep-pocketed investor transferred a total of 4,113,777,233,445 SHIB tokens worth $32.86 million from an unknown wallet to another unknown wallet on Friday.
This significant transaction coincided with Shiba Inu’s price reaching $0.00000833, a level not witnessed since June 22nd. The token’s value had risen by nearly 12% from the previous day’s low of $0.00000745.
As of the time of writing, the price of Shiba Inu has dipped slightly to $0.00000797, representing a 1.1% decrease in the last 24 hours.
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Whale Alert also detected several large transactions involving other popular memecoins, including Dogecoin (DOGE), which is considered a rival to SHIB. At the time of writing, Dogecoin is valued at $0.0685, experiencing a 3.54% decline over the past 24 hours.
Furthermore, Whale Alert identified an anonymous whale transferring 3,941,534,011,651 Pepe (PEPE) tokens, valued at over $7.2 million, from an unknown wallet to the cryptocurrency exchange Binance.
The value of Pepe currently stands at $0.00000160, reflecting a 3% decrease in the last day.
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