Shiba Inu coin: Recent on-chain data has once again brought significant attention to one of the largest meme coins by market cap, SHIB. Today, July 18, Whale Alert revealed that over 5 trillion coins were shifted to an address from an Indian crypto exchange. This chronicle has sent tongues wagging across the cryptocurrency landscape, primarily due to an exploitation attack on the Indian exchange. Hereâs an in-depth report on the matter.
Over 5T Shiba Inu Coins Sacked From WazirX
According to on-chain data from Whale Alert, 5.43 trillion coins, worth $102.12 million, were illicitly moved from the WazirX crypto exchange today. Itâs worth mentioning that WazirX is one of Indiaâs largest CEXs, led by Nischal Shetty.
The transaction was recorded as having been made by the whale address 0x04b21735. This address is reportedly linked to an exploiter, as recent data shows that the Indian exchange was drained of over $230 million worth of crypto as a result of a hack.
Meanwhile, itâs also worth noting that Shytoshi Kusama, Shiba Inuâs lead developer, recently visited Mumbai, India. The transaction emerging in the follow-up of the exploitation and Kusamaâs visit has sparked additional discussion across the market.
In the interim, the Shiba Inu coin traded in the red zone today, showing signs of a pullback.