1 trillion Shiba Inu (SHIB) transfer stunned the world's largest exchange.

The relentless sell-off in the cryptocurrency market that took place over the past eight days appears to have ended today. Currently, when the amount of negative news reached its maximum level and the mood of market participants was not enough to be called fear, selling activity stopped for a while and then recovery was achieved. waited for a long time.

Against this backdrop, interesting on-chain details have emerged, including some of the most popular coins, such as Shiba Inu (SHIB) and Pepe Coin (PEPE).

As a result, two major crypto whales made headlines by depositing a total of $25.95 million worth of these tokens into Binance within the past 14 hours, Spot On Chain reports.

Whale ^ prime prime 0 * 42 a^ prime prime made the astonishing move of transferring 1.088 trillion SHIB, worth $18.12 million.

Analysis of whale activity shows a period of accumulation in November and December 2023, coinciding with the market bottom. Whales are estimated to have earned $8 million, marking a significant increase of 79%.

PEPE is also included in this mixture.

In another eye-catching transaction, whale “0x837” deposited 700 billion PEPE into Binance, equivalent to $7.83 million, about three hours ago. Currently, this whale is holding an additional 800 billion PEPE, worth $9.22 million.

However, the entity faced an estimated total loss of $3.47 million, a decrease of 15%.

Regardless, the next few days will be crucial in determining the direction of the cryptocurrency market and whether the worst of the sell-off is truly over.