The owner of the legendary $2.76 billion Shiba Inu wallet transferred their earnings to four different wallets.
Over 40 trillion tokens were transferred to wallets with no previous token transfers.
- The owner of the wallet containing $5 billion in Shiba Inu coins has started moving the cash to other wallets.
- The owner had moved around $2,760,000,027.60 in Shiba Inu by the time all 40.004 trillion tokens were transferred.
According to their Etherscan account, an investor who purchased $8,000 worth of Shiba Inu cryptocurrency in April 2020 moved almost 40 trillion tokens from their wallet – about $2.76 billion.
Over four transactions, the transfer transmitted roughly 10,000,000,100,000 Shiba Inu tokens to four separate wallet accounts. There have been no previous token transfers to any of the four addresses to which the tokens were delivered.
The token price has declined 1.91 percent since the transfers, which is a tiny amount in comparison to regular market volatility.
The transactions took place between 6:20 and 6:45 p.m. ET on Tuesday. Each transfer cost around $600 million, or approximately 10 trillion tokens. Shiba Inu was trading for $0.000069 per token at the moment.
The owner had moved about $2,760,000,027.60 in Shiba Inu by the time all 40.004 trillion tokens were transferred.
The purchases come only one day after Shiba eclipsed Dogecoin to become the tenth most valuable digital asset in terms of market value, with a market cap of $40 billion. The cryptocurrency saw its largest spike in late October when it increased by 66 percent in a single day.
The so-called meme coin has increased by 103.2 million percent in the last year. According to Coinbase statistics, its price is still up 42.26 percent on the week and 760.93 percent on the month.
Is The Shiba Inu Coin On Robinhood?
Shiba Inu, one of the newest dog-themed cryptocurrencies, has skyrocketed over 900 percent in the last month, becoming the world’s third most searched cryptocurrency of the year.
Many crypto-enthusiasts are asking whether Shiba Inu is available on Robinhood Markets because of its increased popularity.
Shiba Inu is currently not available for trading on Robinhood but it might change soon.
A Change.org petition to get SHIB on Robinhood has gotten over 486,000 signatures. “This petition is aimed to gently request of Robinhood to please include Shiba Inu currency to trade,” the opening sentence of the petition states.
At the very least, Robinhood looks to be receptive to the concept of introducing a new currency to its platforms.
During Robinhood’s third-quarter earnings call last week, CEO Vladamir Tenev said, “We feel very very good about the currencies that we’re presently listing on our platform, and any new coins that we add, we want to feel similarly, if not happier about.”
On its platform, Robinhood currently lists seven cryptocurrencies: bitcoin BTCUSD, -1.81%, ether ETHUSD, -1.56%, bitcoin SV BTCSVC, -1.30%, bitcoin cash BCHUSD, -2.13%, dogecoin DOGEUSD, -4.21%, litecoin LTCUSD, -2.67%, and ethereum classic ETCUSD, -3.17%.
According to CoinMarketCap.com, SHIB was trading at $0.0000719 on Monday and has eclipsed rival canine cryptocurrency dogecoin in market size.
Binance, the world’s biggest cryptocurrency exchange, also supported it, but briefly halted crypto withdrawals on Monday due to backlog worries.