20 Trillion Tokens Sent In Largest Ever Shiba Inu (SHIB) Transaction

On-chain data shows that a whale sent 20 trillion Shiba Inu SHIB/USD tokens across the blockchain on Monday in what is now confirmed to be the largest SHIB transaction in history.

What Happened: According to data from blockchain explorer Etherscan, the 20 trillion SHIB was worth $210 million at the time of the transfer.

The whale sent the tokens from the crypto exchange Binance to an external wallet for a fee of $0.61.

An overview of the whale wallet shows that the anonymous holder currently has a balance of 48.7 trillion SHIB tokens in the wallet. At the time of writing, SHIB was trading at $0.00001023 and the tokens were worth an estimated $497 million.


Whale activity around SHIB has been on the rise of late. According to data from IntoTheBlock, the number of large transactions SHIB spiked 153% in the last 24 hours. The meme coin saw a total of 43 large transactions which were individually worth over $100,000 in the last day.

Price Action: At press time, SHIB was trading 4.21% lower, as per data from Benzinga Pro.  

Bitcoin BTC/USD was trading at $20,208 at press time, down 0.32% over the last 24 hours. Ethereum ETH/USD was trading at $1,138, down 0.70% over the same period.

Photo via Igor Faun on Shutterstock

Posted In: BitcoinEthereumShiba InuCryptocurrencyNewsMarkets

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