Whale Alert, a platform that monitors cryptocurrency flows, revealed that a mysterious large investor purchased 708.41 billion SHIB. This transfer was worth approximately $5.99 million and was purchased from Gemini, a cryptocurrency exchange in the US. According to information from Etherscan.io, this significant acquisition took place through a single transaction.
Currently, this receiving wallet contains a total of 4,873,110,287 SHIB. It is worth noting that this wallet remains inactive as of now. The first two transactions on this wallet were made 250 days and 16 hours ago.
Furthermore, the transfer of funds to an active wallet could suggest that the major investor is reorganizing their Shiba Inu holdings or potentially selling this significant SHIB 708 billion to a single owner other.
