A crypto whale is abruptly moving a staggering amount of Dogecoin (DOGE) competitor Shiba Inu (SHIB) in one massive transaction.
According to new data from blockchain search engine Etherscan, the deep-pocketed trader moved 1.29 trillion SHIB worth about $12 million at time of writing from one unknown wallet to another.
Etherscan reveals the transaction took place about 16 hours ago and cost just $0.75. The high-net-worth investor drained the wallet the SHIB was in and moved it to another wallet that now solely contains the meme asset.
The shift in tokens comes after a drop in the number of crypto wallets holding SHIB. Data from Etherscan also finds that the number of digital asset wallets that contain Shiba Inu has dropped from 1,283,133 to 1,251,233.
Previously, it was reported that most holders of the dog-themed crypto asset were underwater, along with investors of other prominent digital assets, such as king crypto Bitcoin (BTC), leading smart contract platform Ethereum (ETH), layer-2 scaling solution Polygon (MATIC), and BTC alternative Litecoin (LTC).
However, it was found that 57% of all DOGE holders were in the green.
Shiba Inu is changing hands for $0.000009 at time of writing, a fractional gain on the day but a 44.4% drop from its 30-day high of $0.000013 set on November 4th.
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