Crypto whale withdrew 4.2 trillion Shiba Inu (SHIB) tokens from the exchange for $38 million
On January 19, 4.2 trillion Shiba Inu (SHIB) tokens, equivalent to approximately $38 million, were transferred from the Bitvavo exchange to an unknown wallet. The transaction, flagged as a Whale Alert, has sparked speculation about its purpose and the identity of the recipient.
The mentioned transfer from a crypto exchange to a private wallet may signal a desire to increase the safety of tokens in the absence of a desire to sell the meme coin.
This is not the first major token movement this year: on January 1, a transfer of 4.23 trillion SHIB for $44.45 million was recorded. It was preceded by transactions of 4.24 trillion SHIB ($44.64 million) on December 30, 4.25 trillion SHIB ( $44.91 million) on December 29 and SHIB 2.28 trillion ($23.58 million) from Binance to an anonymous wallet on December 26.
On the evening of January 19, according to CoinGecko, the price of SHIB fluctuated around the $0.00000917 level, showing a slight increase of 1%. Weekly figures remained in the red at 5.9%. SHIB's market capitalization was $5.44 billion with a 24-hour trading volume of $164 million.
