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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Generated Image: Midjourney
