Three new wallets have amassed 183,989,266,898 Shiba Inu from prominent trading platforms Binance and Coinbase in the past two days.
The crypto surveillance X account, “The Data Nerd,” recently called attention to the movement of approximately 184 billion Shiba Inu tokens from Binance and Coinbase.
According to the update, the SHIB tokens were moved from the exchanges to new wallets over the past day. The Data Nerd estimated that the Shiba Inu tokens were worth approximately $4.9 million.
184 Billion Shiba Inu Accumulated from Exchanges
Notably, on-chain data confirms the three wallets that received the 184 billion Shiba Inu had no prior transaction histories.
The oldest transaction occurred about 31 hours ago, involving the Shiba Inu wallet with the initials “0x6dFEF96E.” This address received 71,831,666,275 SHIB tokens in four transactions from Coinbase.
Meanwhile, the wallet 0xf77013F8 received 37,139,408,714 SHIB from Binance precisely 24 hours ago in a signal transaction.
The Shiba Inu wallet “0x59132e96” has the latest transaction, amassing 21,496,679,522 SHIB as early as 11 hours ago. Notably, this third address cumulatively took a store of 75,018,191,909 SHIB tokens in five transactions from Coinbase.
Collectively, these private Shiba Inu wallets have accumulated 183,989,266,898 SHIB tokens from exchanges in the last 48 hours. At press time, the tokens are worth $5,004,508, with Shiba Inu witnessing a 2.58% gain over the past day.
Considering that SHIB registered a 9% decline yesterday, the recent movements possibly represented an accumulation frenzy that these Shiba Inu investors went into while the asset dipped.
One Trillion SHIB on Move
Meanwhile, as these three wallets moved to store their assets off centralized platforms, other more enormous Shiba Inu whales moved their tokens to the exchange Robinhood.
As The Crypto Basic reported, the move occurred while Shiba Inu’s price crashed. In particular, Robinhood saw an approximately one trillion SHIB influx on April 1.
While the exchange received an additional 384 billion SHIB yesterday, it later drained 999.7 billion Shiba Inu. The funds went to an anonymous wallet that now boasts a staggering SHIB portfolio of 6.64 trillion.
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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