17. April 2024

Mystery Crypto Whale Moves Trillions in SHIB, DOGE, and PEPE

• An unknown crypto whale is moving trillions of Shiba Inu (SHIB) tokens as the memecoin rallies to a high not seen in weeks.
• Whale Alert also notices a number of large transactions of other memecoins, including SHIB-rival Dogecoin (DOGE).
• 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.

Shiba Inu Whale Moves Trillions

An unknown crypto whale has begun transferring trillions of Shiba Inu (SHIB) tokens as the top memecoin reaches its highest price level since June 22nd. Blockchain tracking service Whale Alert noticed the massive transaction of 4,113,777,233,445 SHIB worth over $32.86 million from one undisclosed wallet to another on Friday. At the time of writing it had dropped back down to $0.00000797 but still marked a 12% increase from its low point on Thursday at $0.00000745.

Dogecoin and Pepe Transactions Also Spotted

Whale Alert also spotted several large transactions for other memecoins such as SHIB rival Dogecoin (DOGE). Over 86 million DOGE worth more than $6 million was transferred from trading platform Robinhood to an unknown wallet and 100 million DOGE worth more than $7 million was transferred from Robinhood to another undisclosed wallet while 87 million DOGE worth over $6 million was sent from crypto exchange Binance to yet another anonymous address. As for Pepe (PEPE), this meme coin saw 3 billion PEPE tokens worth more than $7 million moved from an unnamed account to Binance’s wallets.

Price Action

At the time of writing Dogecoin is currently trading at around 0.0685 with a 24 hour decrease in price by 3.54%. PEPE is trading at 0.00000160 with a similar 24 hour decrease in price by 3%.

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