Massive SHIB Token Transfer: 7 Trillion Tokens Exit Bitvavo and Paribu in Response to Shiba Inu Team’s Significant Update.
Whale Alert has unveiled the significant migration of Shiba Inu tokens from top cryptocurrency exchanges. According to the disclosure, Bitvavo and Paribu, two prominent exchanges, collectively moved 6,888,932,699,514 (6.88 trillion) SHIB tokens, valued at $57,655,671 ($57.65 million) to two separate unidentified wallets.
Bitvavo Moved $36.74 Million Worth of Shiba Inu
The Netherlands-based exchange Bitvavo shifted 4,407,530,677,374 (4.40 trillion) SHIB tokens, equivalent to $36,741,175 ($36.74 million), to the mysterious wallet in a single transaction. The transfer occurred about 15 hours ago from press time and propelled the recipient to become the 26th largest Shiba Inu holder.
? ? 4,407,530,677,374 #SHIB (36,741,175 USD) transferred from #Bitvavo to unknown wallethttps://t.co/tOsPJRct1e
— Whale Alert (@whale_alert) November 6, 2023
Paribu Moved $20.91 Million Worth of Shiba Inu
A few hours later, the spotlight shifted to Paribu, a Turkey-based exchange, as a wallet associated with it, tagged Paribu 5, made a colossal transfer of 2,481,402,022,140 (2.48 trillion) SHIB tokens worth $20,914,496 ($20.91 million) to the separate undisclosed wallet in one significant transaction.
? 2,481,402,022,140 #SHIB (20,914,496 USD) transferred from #Paribu to unknown wallethttps://t.co/6tkYz9XTWJ
— Whale Alert (@whale_alert) November 6, 2023
Per Etherscan.io data, this marks the second massive transaction from the recipient wallet since January 29, 2023. The unidentified wallet now holds 2,601,402,022,140 (2.60 trillion) SHIB, valued at $21,825,762 ($21.82 million), making it the 33rd biggest Shiba Inu holder.
This development unfolds just ahead of the highly-anticipated launch of “The Shib Magazine,” announced by the Shiba Inu team. This weekly publication promises to offer the SHIB community exclusive insights into the latest developments within the SHIB and Shibarium ecosystem.
In a related development reported earlier by The Crypto Basic, the Shiba Inu Community has set fire to 1,461,135,923 (1.46 billion) SHIB tokens via seven hundred fifty-three (753) separate transactions in October 2023.
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.
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