One of the largest SHIB wallets has emerged from the slumber.
The Shiba Inu wallet that turned $8,000 into $5.7 billion is active according to data from Etherscan.
For the first time since April 2020, this whale has shifted SHIB funds, causing concerns as selling pressure on SHIB might increase.
The Shiba Inu billionaire has so far transferred around 10 trillion SHIB tokens that are worth about $2.7 billion to four empty addresses.
The wallet that is in question holds about 13 percent of Shiba Inu’s total circulating supply.
The investor began buying SHIB tokens in April 2020 and turned it into a multi-billion-dollar fortune in only 19 months.
Many speculated that the dormant address was not accessible, because tokens were not moved despite huge gains. However, recent transfers prove the speculation was not correct.
Shiba Inu soared 825 percent in October and has caught the attention of many investors. This week, it managed to surpass the rival Dogecoin in market capitalization and reached a new all-time high of $0.00008616 on the 28th of October.
Read More On SHIB:
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- Crypto Whale Buys 277 Billion SHIB Tokens as Shiba Inu Makes New All-Time High of 0.00005451
- SHIB Community Has Got Itself A New Powerful Member, Candidate for US Senate 2022 Shannon Bray
- Argentine Real Estate Agency Now Accept Shiba Inu
- New York-Based Online Brokerage Listed Shiba Inu
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- Petition Surpasses 250,000 Signatures to List Shiba Inu on Robinhood
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- SHIB Becomes Most Discussed Crypto On Twitter As SHIB Gets More Mentions Than Bitcoin, Ethereum, And DOGE On Twitter
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- Crypto Whales Purchasing Large Amounts Of Shiba Inu, As Single Anonymous Whale Bought 6 Trillion SHIB
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- Shib Becomes Most-Traded Crypto on Coinbase
- Shiba Inu Futures Trading Volume Up 78x in Seven Days
- Shiba Inu Took 14 Months To Hit A Market Value Of $12 Billion, It Took Dogecoin 6 Times As Long To Reach That Milestone
- SHIB Hits 1 Million Followers On Twitter
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