CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
No Result
View All Result

Shiba Inu Remarkable Price Surge

January 2, 2024
in Coins, Market, News
A A
Dalintis FacebookDalintisShare on Twitter

In a major development in the meme coin space, Shiba Inu whales are on the move, transferring a significant amount of their SHIB holdings in the past few days. The news has caused mayhem in the crypto community, leaving many pondering about the ramifications of huge transfers of SHIB tokens on the market.

On Tuesday, an unidentified whale shifted more than 4.2 trillion SHIB tokens from an unknown wallet—worth nearly $44.45 million at current market prices—to an undisclosed wallet, according to blockchain tracker Whale Alert. At the time of writing, it was unclear whether the whale in question was an individual or a company.

Whale Transfers $44.5 Million Worth of SHIB Coins

Shiba Inu whale is a term used to describe owners of massive amounts of SHIB tokens. The enormous transaction, involving roughly 4.2 trillion SHIB tokens, is not just a testament to the rapidly surging interest in Shiba Inu, but it also highlights that the crypto market is highly unpredictable.

This is not the first time whales have made such a gigantic transfer of the Ethereum-based altcoin. Several high-net-worth investors holding millions of dollars in SHIB moved their holdings last year. For instance,  an anonymous whale transferred roughly 12.06 billion of their SHIB holdings to prominent crypto exchange Binance last December. At the time, the value of the transaction was roughly $116,077.

And SHIB whales seem to have made a fortune, too. Even as the asset remains highly volatile in the short term, it has zoomed more than 816274% since its inception.

Tags: SHIBShiba

Related

16 Corporate Giants Embrace Bitcoin

June 8, 2025

This week has been eventful for Bitcoin (BTC) enthusiasts, with 42 significant updates shaping the market. According to @btcNLNico on...

Bitcoin Plunge: Could BTC Dip Under $100K?

June 7, 2025

On June 5, Bitcoin (BTC) saw a sharp decline, dropping to $100,000 following the fallout between Elon Musk and Donald...

Shiba Inu Price Climbs 4% Amid Surging Transaction Volumes

June 7, 2025

Shiba Inu (SHIB) is seeing gains on June 7 as weekend volatility gives bulls an advantage. The ongoing rally could...

Pi Network Price Surge: Is a Big Jump Ahead of Pi Day?

June 7, 2025

The Pi Network price has been showing signs of potential growth ahead of Pi Day, which falls on June 28....

Crypto Confidence Soars as Circle Makes Historic Wall Street Entrance

June 6, 2025

Stablecoin issuer Circle Internet made a sensational entrance on the New York Stock Exchange Thursday, with its shares more than...

News

Reviews

What is Cryptocurrency? A straightforward explanation

May 11, 2025
AI

What is llms.txt?

May 27, 2025
Blockchain

Looking to invest in Cryptocurrency? Here is a Step-by-Step Approach

May 24, 2025
Coins

Pi Network Under Fire

May 22, 2025
Asset 1CryptoNow
Categories
  • AI
  • Blockchain
  • Business
  • Coins
  • Finance
  • Interesting
  • Market
  • Mining
  • News
  • Regulation
  • Reviews
  • Technology
Tags
AI Altcoin Android Avalanche Binance Binance Coin Bitcoin blockchain BTC Chainlink ChatGPT Circle Coinbase Coindesk crypto Cryptocurrency Crypto exchange DOGE Dogecoin ETF ETH Ethereum Halving Hash rate Meta Mining Mobile news OpenAI pi coin pi network reviews RIOT Ripple Samsung SHIB Shiba Shiba Inu SOL Solana Stablecoin technology USA vpn XRP
  • Newsletter
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Market
  • Coins
  • News
  • Mining
  • Technology
  • Blockchain

CryptoNow.