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November 1, 2023

Crypto Whales Move Millions in Ethereum and Shiba Inu: What You Need to Know

Thando Dlamini
Written byThando DlaminiWriter
Researched byNikos PapadopoulosResearcher

Introduction

Crypto whales have recently made significant transfers of Ethereum (ETH) and Shiba Inu (SHIB) worth hundreds of millions of dollars. These transactions were detected by the blockchain tracker Whale Alert.

Crypto Whales Move Millions in Ethereum and Shiba Inu: What You Need to Know

Ethereum Transfers

According to on-chain data obtained by Whale Alert, a large crypto holder moved 150,000 ETH from an unknown wallet to the Kraken crypto exchange. This transfer was made in three separate transactions, each consisting of an equal amount of ETH. The total value of the ETH moved was approximately $269.8 million. At the time of writing, Ethereum is trading at $1,803.

Shiba Inu Transfer

Whale Alert also detected a significant transfer of Shiba Inu memecoin. A whale moved nearly 4.5 trillion SHIB, worth slightly under $36 million, from an unknown wallet to another unknown wallet. The current trading price of Shiba Inu is $0.00000799.

Other Transfers

In addition to the Ethereum and Shiba Inu transfers, Whale Alert identified large crypto holders relocating varying amounts of XRP and Solana (SOL). The combined value of these transfers is over $98 million. XRP is currently worth $0.604, while Solana is trading at $36.60.

Conclusion

These recent transfers by crypto whales highlight the significant movement of funds within the cryptocurrency market. Investors should stay informed about such transactions and consider them when making investment decisions.

About the author
Thando Dlamini
Thando Dlamini
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Thando Dlamini, a vivacious 22-year-old from South Africa, seamlessly blends her love for the vibrant world of online casinos with her meticulous localization skills, making the digital gaming experience truly South African.

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