Shiba Inu (SHIB) Whales Moved 5 Trillion Tokens Across Unknown Wallets

• Shiba Inu has witnessed a massive whale transaction.
• SHIB’s trading price has declined by 1.29%.

The memecoin sector has taken over the crypto market in recent days. The arrival of new memecoins and their remarkable price surge have made a great impact in the crypto space. It also increased the popularity of memecoins.

Adding to that, Shiba Inu (SHIB), the popular memecoin, has witnessed a massive whale transaction. A significant transaction in SHIB has caught the attention of the crypto market.

Whale Alert, a tracker and analyzer of cryptocurrency transitions, has reported that there are 5,000,000,000,000 Shiba Inu tokens worth approximately $43,609,999 were transferred from an unknown wallet to another unknown wallet. The massive whale of the 5 trillion SHIB transaction has raised questions in the crypto market.

At the time of writing, the trading price of Shiba Inu is around $0.000008739, with a decline of over 1.29% in the last 24 hours. The trading volume of the SHIB declined by 7.29%, according to CoinMarketCap.