An anonymous Shiba Inu (SHIB) whale is suddenly moving over a trillion SHIB in a single massive transaction.
According to new data from whale-surveying platform Whale Alert, a deep-pocketed trader abruptly shifted a staggering 2.6 trillion tokens worth about $23 million at time of writing from one unknown crypto wallet to another.
The data reveals the high-net-worth investor moved the funds on the morning of December 16th for a fee of just $1.01 worth of leading smart contract platform Ethereum (ETH).
Another whale-watching platform, WhaleSats, finds that the dog-themed meme asset is the sixth-most held token by the world’s largest ETH whales as they combine to own $53,876,200 worth of the Dogecoin (DOGE) competitor.
The only tokens owned more than SHIB by ETH whales are stablecoins, such as Tether (USDT), USD Coin (USDC), and DAI, and Lido Staked Ether (stETH).
According to market intelligence firm IntoTheBlock, 80% of SHIB tokens are held by entities that own between 0.1% and 1% of its total circulating supply. It also finds that at current prices, 83% of SHIB holders would lose money if they sold the meme asset while only 16% would profit.
The data further reveals that 58% of SHIB owners have been hanging on to the token for more than a year while 37% have owned it for 1-12 months.
Shiba Inu is changing hands at $0.000009 at time of writing, a 4% decrease during the last 24 hours.
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Featured Image: Shutterstock/80’s Child