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HomeCrypto NewsMarketSantiment Discloses 24.9T Shiba Inu Transferred To Personal Wallet

Santiment Discloses 24.9T Shiba Inu Transferred To Personal Wallet


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Santiment says the recent shifting of 24.9T Shiba Inu (SHIB) went to a personal wallet from CryptoCom.

According to a recent on-chain data report from crypto analytics firm Santiment, over 24 trillion SHIB tokens have left a top crypto exchange into a personal wallet. 

Santiment via a tweet, revealed that the SHIB tokens were transferred from an exchange wallet into a self-custody wallet in six different transfers.

The whale account has been accumulating Ethereum (ETH) since 1st March 2023, while also having up to 992 ETH before now.

In total, the address now holds 24.9 trillion Shib and 992 Ethereum.



Recall that yesterday Th Crypto Basic reported the movement of 24.9T Shiba Inu.

The massive transfer from Crypto.com is valued at $269,595,805 ($269.59M), making the wallet the fourth largest Shiba Inu holder. This has also led to a spike in Shiba Inu’s trading activity, and according to WhaleStats, SHIB trading volume is back in the top 10 among 2000 ETH whales in the last 24 hours.

Although this left some uncertainties in the SHIB community, Kris, Crypto.com’s CEO, says the transfer is an exchange’s usual operation to ensure continued safety and security of funds.

While the Shiba Inu Ecosystem continues to be on the news recently, it has gotten a shout-out from Forbes.  The American business magazine, via an article, commended Shiba Inu for its debut of the Metaverse’s WAGMI Temple Hub at this year’s South by Southwest (SXSW) festival.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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