A high-net-worth crypto investor is suddenly moving a massive amount of meme asset Shiba Inu (SHIB) in a single transaction.
According to new data from whale-surveying platform Whale Alert, the deep-pocketed investor abruptly shifted 3,388,119,787,804 SHIB worth about $34 million at time of writing from one unknown wallet to another.
The sending wallet has been completely emptied as it no longer holds any funds or digital assets while the receiving wallet, which was empty before, now holds the millions of dollars worth of SHIB it was sent, according to the blockchain search engine Etherscan.
Recently, SHIB has seen rising use cases. In a recent company blog post, Coinbase chief product officer Surojit Chatterjee announced a partnership with tech giant Google that would see Shiba Inu along with a suite of other altcoins be accepted by Google Cloud.
“Google Cloud will be positioned to enable select customers, starting with those in the Web3 ecosystem, to pay for its cloud services via select cryptocurrencies through Coinbase Commerce.
Coinbase Commerce is a platform that helps merchants anywhere in the world accept cryptocurrency payments. Merchants can get paid in crypto, and access powerful tools for crypto integration and business analysis.”
SHIB is changing hands for $0.00001 at time of writing, a 1% dip during the last 24 hours.
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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/Javier Cruz Acosta
