Mysterious Shiba Inu Whale Moves 25 Trillion SHIB To Cold Storage

Shiba Inu Whale Moves 25 Trillion SHIB From Crypto Exchange To Cold Storage

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An unknown Ethereum address has transferred almost 25 trillion Shiba Inu tokens worth over $250M from Crypto.com to a self-custody wallet, according to Santiment!

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The transfer was made in six different transactions since March 1st, from possessing 992 ETH to now 25 trillion SHIB.

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This makes it the world's third largest Shiba Inu wallet and the biggest that has not been identified as belonging to an exchange.

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It is not clear who exactly is carrying out the transactions.

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Shiba Inu burn tracking site Shibburn witnessed an explosion in SHIB’s burn rate 1,317% surge.

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The launch of Shibarium and the recent transfer of SHIB tokens reflect the community’s sustained interest and growing importance in the cryptocurrency world.

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Last week, SHIB’s beta version was released, providing an opportunity for beta testers to get a glimpse of the testnet.

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