Massive 2 Trillion Shiba Inu (SHIB) in Last 24 Hours: Exchanges, Whales and More

Shiba Inu has seen a huge amount of action in the past day. A massive two trillion SHIB tokens have been shuffled between numerous entities, including whales, exchange and trading desks. Could it be a signal for SHIB?

So, who's moving all this SHIB? Whales and a few crypto exchanges are making the moves. For example, one transaction had a massive 77.453 billion SHIB moving to a Coinbase hot wallet, and another 412.7128 billion SHIB were sent to Coinone's hot wallet.

But that's not all – there was a huge transaction of 500 billion SHIB sent to a Crypto.com hot wallet. Another big chunk of 431.1738 billion SHIB landed in yet another anonymous wallet, most likely owned by a whale or a trading desk. These are just a few of the gigantic transactions that occurred.

Why all the movement now? It is likely because the whole market is picking up speed, getting back on its feet after a tough time. And it is not just SHIB; other meme coins are bouncing back too.

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