24,940,023,596,035 Shiba Inu (SHIB) Worth Over $276,000,000 Transferred From Crypto Exchange to Self Custody: Santiment

0 5

knife

Nearly 25 trillion SHIB tokens worth over a quarter billion dollars have left a top crypto exchange and are now sitting off the market in cold storage, according to new on-chain data.

First spotted by crypto analytics firm Santiment, an unknown Ethereum (ETH) address transferred 24.9 trillion SHIB into a self custody wallet in six different transactions.

The whale has also been rapidly accumulating ETH since the beginning of March, according to Santiment.

“$276M worth of Shiba Inu has been transferred from an exchange wallet to self custody wallet in 6 separate transfers today.

This address has also been quickly accumulating Ethereum since March 1st, possessing 992 ETH alongside its now 24.94T SHIB.”

Image
Source: Santiment/Twitter

Santiment’s data shows the SHIB moving from an Ethereum address labeled by Etherscan as belonging to US crypto exchange Crypto.com.

All the SHIB are now sitting in a new address, which is now the third largest Shiba Inu wallet in the world, and the biggest that hasn’t yet been identified as belonging to an exchange. It’s unclear if the transactions are Crypto.com segregating its SHIB to a new wallet, or another whale moving its tokens.

According to the Shiba Inu burn tracking site Shibburn, SHIB’s burn rate exploded by 1,316.43% on Tuesday, with the memecoin burning a total of 452,950,434 tokens in the 24-hour period between Monday evening and Tuesday evening.

The Shiba Inu community is buzzing on the beta launch of Shibarium, the ecosystem’s layer-2 protocol built on top of Ethereum (ETH), similar to Polygon (MATIC). Last week, SHIB officially released the beta version, allowing beta testers to explore the testnet.

Pseudonymous SHIB developer Shytoshi Kusama estimates that Shibarium will remain in beta for two months but acknowledges that the timeline is uncertain and could take as long as four months. Kusama notes the beta involves “creating systems and bug hunting.”

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox



Check Price Action



Follow us on Twitter, Facebook and Telegram



Surf The Daily Hodl Mix


Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Kiselev Andrey Valerevich/Natalia Siiatovskaia

The post 24,940,023,596,035 Shiba Inu (SHIB) Worth Over $276,000,000 Transferred From Crypto Exchange to Self Custody: Santiment appeared first on The Daily Hodl.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 69,851.72
ethereum
Ethereum (ETH) $ 3,541.57
tether
Tether (USDT) $ 0.9973
bnb
BNB (BNB) $ 604.99
solana
Solana (SOL) $ 184.56
staked-ether
Lido Staked Ether (STETH) $ 3,534.62
xrp
XRP (XRP) $ 0.613474
usd-coin
USDC (USDC) $ 0.99664
dogecoin
Dogecoin (DOGE) $ 0.212894
cardano
Cardano (ADA) $ 0.639835
avalanche-2
Avalanche (AVAX) $ 53.41
shiba-inu
Shiba Inu (SHIB) $ 0.000031
the-open-network
Toncoin (TON) $ 4.82
polkadot
Polkadot (DOT) $ 9.41
bitcoin-cash
Bitcoin Cash (BCH) $ 576.16
chainlink
Chainlink (LINK) $ 18.85
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 69,917.73
tron
TRON (TRX) $ 0.119789
uniswap
Uniswap (UNI) $ 12.58
matic-network
Polygon (MATIC) $ 0.98542
internet-computer
Internet Computer (ICP) $ 17.27
near
NEAR Protocol (NEAR) $ 6.97
litecoin
Litecoin (LTC) $ 94.10
aptos
Aptos (APT) $ 16.88
leo-token
LEO Token (LEO) $ 6.03
blockstack
Stacks (STX) $ 3.49
filecoin
Filecoin (FIL) $ 9.29
dai
Dai (DAI) $ 0.997444
cosmos
Cosmos Hub (ATOM) $ 12.25
ethereum-classic
Ethereum Classic (ETC) $ 31.97
arbitrum
Arbitrum (ARB) $ 1.63
render-token
Render (RNDR) $ 10.90
immutable-x
Immutable (IMX) $ 2.92
crypto-com-chain
Cronos (CRO) $ 0.151289
stellar
Stellar (XLM) $ 0.139212
hedera-hashgraph
Hedera (HBAR) $ 0.113131
mantle
Mantle (MNT) $ 1.17
okb
OKB (OKB) $ 63.24
the-graph
The Graph (GRT) $ 0.39968
dogwifcoin
dogwifhat (WIF) $ 3.64
optimism
Optimism (OP) $ 3.64
bittensor
Bittensor (TAO) $ 531.27
fetch-ai
Fetch.ai (FET) $ 3.25
vechain
VeChain (VET) $ 0.045509
pepe
Pepe (PEPE) $ 0.000008
injective-protocol
Injective (INJ) $ 36.86
maker
Maker (MKR) $ 3,518.08
kaspa
Kaspa (KAS) $ 0.134816
thorchain
THORChain (RUNE) $ 9.13
theta-token
Theta Network (THETA) $ 2.89
fantom
Fantom (FTM) $ 0.983127
arweave
Arweave (AR) $ 41.42
sui
Sui (SUI) $ 2.10
first-digital-usd
First Digital USD (FDUSD) $ 0.995955
lido-dao
Lido DAO (LDO) $ 2.82
celestia
Celestia (TIA) $ 14.33
monero
Monero (XMR) $ 135.90
gala
GALA (GALA) $ 0.064723
floki
FLOKI (FLOKI) $ 0.000243
sei-network
Sei (SEI) $ 0.852444
algorand
Algorand (ALGO) $ 0.271285
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,912.97
flow
Flow (FLOW) $ 1.34
quant-network
Quant (QNT) $ 135.04
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,623.73
aave
Aave (AAVE) $ 125.70
beam-2
Beam (BEAM) $ 0.034731
bitcoin-sv
Bitcoin SV (BSV) $ 92.76
bonk
Bonk (BONK) $ 0.000027
conflux-token
Conflux (CFX) $ 0.467055
wrapped-eeth
Wrapped eETH (WEETH) $ 3,676.29
singularitynet
SingularityNET (AGIX) $ 1.35
jupiter-exchange-solana
Jupiter (JUP) $ 1.26
elrond-erd-2
MultiversX (EGLD) $ 60.02
bittorrent
BitTorrent (BTT) $ 0.000002
dydx-chain
dYdX (DYDX) $ 3.42
ribbon-finance
Ribbon Finance (RBN) $ 1.68
starknet
Starknet (STRK) $ 2.17
havven
Synthetix Network (SNX) $ 4.84
the-sandbox
The Sandbox (SAND) $ 0.69505
axie-infinity
Axie Infinity (AXS) $ 10.85
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,552.36
ethena-usde
Ethena USDe (USDE) $ 0.999216
ordinals
ORDI (ORDI) $ 66.03
bitget-token
Bitget Token (BGB) $ 0.996936
tezos
Tezos (XTZ) $ 1.41
worldcoin-wld
Worldcoin (WLD) $ 8.37
ecash
eCash (XEC) $ 0.000068
pyth-network
Pyth Network (PYTH) $ 0.891877
mina-protocol
Mina Protocol (MINA) $ 1.23
chiliz
Chiliz (CHZ) $ 0.145938
gatechain-token
Gate (GT) $ 9.69
ondo-finance
Ondo (ONDO) $ 0.883831
flare-networks
Flare (FLR) $ 0.034367
axelar
Axelar (AXL) $ 2.06
eos
EOS (EOS) $ 1.10
apecoin
ApeCoin (APE) $ 2.00
decentraland
Decentraland (MANA) $ 0.666454
ronin
Ronin (RON) $ 3.99
whitebit
WhiteBIT Coin (WBT) $ 8.35