On Sunday, August 13th, at 15:24:23 UTC, an impressive amount of approximately 4,599,850,345,603 Shib tokens, equivalent to almost $47,994,838 USD, was moved from an unidentified wallet to another wallet of undisclosed origin.
A recent report from WhaleAlert, a firm specializing in tracking blockchain activities, has shed light on a significant transfer.
It’s worth noting that the SHIB token dump came in during a correction of the upward trend observed by the popular memecoin since the last nine weeks.
The popular memecoin Shiba Inu seems to have started the week on a positive note. There’s a noticeable bullish sentiment as the week kicks off, with those in favor of an upward trend making efforts to steer the market in that direction.
Shiba Inu’s price is now showing signs of recovery as Monday unfolds. The current trading price stands at $0.0000106, reflecting an intraday gain of 3.8%.
Also Read: Shiba Memu vs. Shiba Inu: Which Meme Coin is Top Dog?
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