u.today
This Monday, Shiba Inu ($SHIB) saw a staggering $36 million transferred between anonymous wallets, according to Whale Alert data. The transfer has not had any significant impact on the price of the popular meme coin.
A busy month for $SHIB transfers
Throughout October, the $SHIB community observed several large transfers, emphasizing the coin's continued attraction to substantial traders and investors.
Just days ago, on Oct. 21, a whopping 4.5 trillion $SHIB, equivalent to about $32.1 million, was moved from an undisclosed wallet to another.
This was not an isolated incident. On Oct. 20, two separate transactions took place, transferring roughly 4.55 trillion $SHIB and 4.56 trillion $SHIB, valued at approximately $31.5 million and $31.75 million respectively.
Earlier in the month, on Oct. 17, another transaction saw 4.57 trillion $SHIB, or about $31.6 million, change hands.
These sizable transfers provide a glimpse into the intense speculation surrounding the popular meme coin.
Shiba Inu's market behavior
As of now, $SHIB is trading at $0.00000798, according to CoinGecko data. Despite the large sums being moved, the cryptocurrency has shown relatively stable behavior with a minor 0.3% drop over the past 24 hours.
Its daily trading range is from $0.00000787 to $0.00000807, signifying relatively steady trading conditions.
Shiba Inu boasts an impressive market capitalization of around $4.7 billion, with a daily trading volume nearing $139.7 million.