๐Ÿš€ Exciting news in the crypto world! A large amount of Shiba Inu (SHIB) tokens worth millions of dollars was recently moved from crypto exchange Bitvavo to an unknown wallet.

๐Ÿ” According to Whale Alert, the total SHIB moved was around 4.6 trillion, worth approximately $35.7 million.

๐Ÿ•ต๏ธโ€โ™‚๏ธ After tracing, @Loch_Chain said the recipient's wallet was a new wallet with no previous transaction history.

๐Ÿ” Bitvavo often stores crypto tokens in unknown wallets. Reports say the known Bitvavo wallet only holds 250 million SHIB worth $1.93 million.

๐Ÿ“Š Analysis shows the transferred SHIB has not been disbursed via the exchange. There are allegations that this is just a transfer of Bitvavo assets to an unknown destination.

๐Ÿ’ฐ Loch_Chain highlights limited TVL pool options for this amount of SHIB, perhaps only Uniswap v3 pool SHIB-WETh offers 91% yield.

๐Ÿค” However, analysts say the Uniswap v3 SHIB-WETH pool only has a TVL of $1.2 million, meaning $35.7 million worth of SHIB is not there.

๐Ÿ‘€ Analysts continue to monitor this address and potential movements that could affect the SHIB token.

Come on, give your opinion in the comments column! ๐Ÿ˜„