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Singaporean Whale Absorbs 258,545,909,814 SHIB in Just One Transfer
In a stunning move, a Singaporean whale has absorbed a massive amount of Shiba Inu (SHIB) coins in just one transfer. According to recent on-chain data, the whale absorbed an astonishing 258,545,909,814 SHIB worth approximately $3.56 million.
The massive transfer took place on the Ethereum blockchain and was recorded around seven hours ago. The transaction details reveal that the funds were sent from Coinhako’s hot wallet to an external address, labeled as “0x25E”. This address now holds nearly $4.08 million in SHIB alone.
While the destination wallet remains unlabelled, it has been linked to previous SHIB inflows and outflows involving Binance, holding multiple altcoins including PEPE, GALA, and XSGD, a stablecoin pegged to the Singaporean dollar.
The sudden transfer has sparked immense interest in the crypto community as experts attempt to uncover the identity of this new whale. Two possibilities have been presented: either a high-net-worth individual in Singapore using Coinhako for custody and accumulation or Coinhako itself reorganizing funds internally across operational wallets.
As the crypto space continues to unravel the mystery behind this massive transfer, one thing is certain – large-scale Shiba Inu positioning in Asia is not slowing down.
Source: u.today
