Crypto Analyst Says SHIB in One Massive Transaction

As the top memecoin wakes up, a mysterious Shiba Inu (SHIB) whale moves trillions of tokens.

Monitoring blockchain Whale Alert discovered the big Shiba Inu transaction.

Whale Alert reported that the huge entity transferred 3,484,812,794,902 SHIB worth over $40 million from an unknown wallet to another wallet.

? ? 3,484,812,794,902 #SHIB (40,284,435 USD) transferred from unknown wallet to unknown wallethttps://t.co/W1gioFya4q

— Whale Alert (@whale_alert) April 16, 2023

The wealthy investor moved the enormous SHIB treasure worth tens of millions for $3.

Etherscan shows the receiving wallet controls the SHIB stack.

Shiba Inu is up approximately 7% from its seven-day low of $0.00001074.

The huge Shiba Inu transaction comes as chief SHIB creator Shytoshi Kusama warns other crypto projects utilising his name and large following to promote other currencies. Kusama also warns against layer-2 Shibarium project tokens.

“I am not affiliated with any token using my name or likeness unlawfully. DYOR (Do your own research) and don’t get scammed. Likewise there is no (official) Shibarium token; Shibarium is an L2 blockchain so any you see are super [suspicious]. Need I go on SHIB army?”