๐ 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.
๐ According to Whale Alert, the total SHIB moved was around 4.6 trillion, worth approximately $35.7 million.
๐ต๏ธโโ๏ธ After tracing, @Loch_Chain said the recipient's wallet was a new wallet with no previous transaction history.
๐ Bitvavo often stores crypto tokens in unknown wallets. Reports say the known Bitvavo wallet only holds 250 million SHIB worth $1.93 million.
๐ 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.
๐ฐ Loch_Chain highlights limited TVL pool options for this amount of SHIB, perhaps only Uniswap v3 pool SHIB-WETh offers 91% yield.
๐ค 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.
๐ Analysts continue to monitor this address and potential movements that could affect the SHIB token.
Come on, give your opinion in the comments column! ๐