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. Whale Transfers $44.5 Million Worth of SHIB CoinsShiba Inu whale is a term used to describe owners of massive amounts of SHIB tokens. The recent whale transfer of SHIB tokens to an unknown address comes at a time when the token is trading 5% higher than the previous day’s close. The post Shiba Inu Whale Moves Over 4.2 Tln SHIB Amid Remarkable Price Surge appeared first on CoinGape.

Source: The Nation January 02, 2024 13:11 UTC