Popular crypto tracking service Whale Alert has called public attention to a large movement of #shiba⚡ Inu tokens from the Turkish exchange BtcTurk to an unknown wallet.
Whale Alert indexed the transaction yesterday, revealing that a whopping 2,884,590,622,344 (2.88 trillion) Shiba Inu tokens were withdrawn to an anonymous wallet from BtcTurk at 16:23 (UTC).
The transaction was valued at $65.7 million at the time, attracting the attention of Shiba Inu community members.
Shiba Inu Investors React
As expected, the transaction elicited reactions from SHIB proponents, with many investors seeking to know the user’s identity and rationale behind the transaction.
Some speculated that the transaction was initiated by a crypto whale who chose to move their SHIB holdings from the Turkish exchange in anticipation of a potential price surge.
However, others believe the movement was for security purposes. This is because storing crypto assets in personal blockchain wallets is safer than keeping them on exchanges.
