An unknown crypto whale is suddenly moving trillions of Shiba Inu (SHIB) tokens as the top memecoin rallies to a high not seen in weeks.
Blockchain-tracking service Whale Alert notes that a deep-pocketed investor moved a total of 4,113,777,233,445 SHIB worth $32.86 million from an unknown wallet to another unknown wallet on Friday.
Shiba Inu shot up to $0.00000833 on Friday, a price level not seen since June 22nd, from a low of $0.00000745 the day prior, a nearly 12% increase.
At time of writing, Shiba Inu is worth $0.00000797, down 1.1% in the last 24 hours.
Whale Alert also notices a number of large transactions of other memecoins, including SHIB-rival Dogecoin (DOGE).
Dogecoin is worth $0.0685 at time of writing, down 3.54% during the last 24 hours.
Lastly, Whale Alert spots an anonymous whale moving 3,941,534,011,651 of memecoin Pepe (PEPE) worth more than $7.2 million from an unknown wallet to crypto exchange Binance.
Pepe is trading for $0.00000160 at time of writing, down 3% in the past day.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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