💯Massive 2 Trillion SHIB on the Move: Shiba Inu Price Up 4.2%.
In a surprising turn of events, the cryptocurrency market is witnessing a massive movement of Shiba Inu tokens on the famous Crypto Com exchange. The exchange reportedly transferred a staggering 2 trillion SHIB between its hot wallets, equivalent to $78.5 million according to data from Etherscan.
Arkham's latest information reveals that the exchange's hot wallets currently hold a total of 2.979 trillion SHIB, exceeding $100 million. This unprecedented transfer sees more than two-thirds of Crypto Com's SHIB assets unexpectedly switched today.
Moreover, recent reports on CoinMarketCap suggest that the exchange's position in SHIB is even more significant, with close to 4.3 trillion tokens worth around $150 million.
Shiba Inu (SHIB) price view.
This significant move coincides with the significant increase in SHIB price.
An increase of 4.2% or more. Breast-
The aspirational cryptocurrency, which has been gaining momentum since the beginning of March, is currently trading at $0.000035, marking a significant increase of 174%. On the contrary
market fluctuations, Shiba Inu
The token maintains its position among the top 10 crypto assets and has a market
Its capitalization is 20.3 billion dollars.
SHIB enthusiasts are now trying to understand the motivations behind Crypto.com's big transfer. Could this be a simple asset swap, or is the exchange positioning itself for future price fluctuations? Potential explanations can range from routine asset displacement to impending market manipulation.