The Wallet Containing Over $ 5 Billion in SHIBS Has Taken Action

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It attracted attention last week and is worth over $ 5 billion Shiba Inu (SHIB)  an unknown wallet that holds it seems to have started moving tokens to other wallets.

Moving SHIBS

August Tuesday evening, the total balance of the wallet, which had a return of over 1,000,000% from an investment of $ 8,000, reached $ 5.7 billion, according to data from Etherscan last week. In addition, according to the information obtained, the owner of this wallet moved 60% of his assets to four anonymous wallets. At the time when the article was being prepared for publication, the one that remained in the original wallet SHIB, it was worth $1,995,689,204.

This latest move has also led to speculation that the wallet owner may have forgotten or lost his key, given that there has been no activity since he first bought the tokens in August last year. But, apparently, such a situation is out of the question.

A user on Twitter is at this point, “Do you remember when everyone was wondering if the person who turned 8 thousand dollars into 5 billion really lost access to his wallet?” he asked his question.

Is This Wallet a Threat?

Although the supply of SHIB is quite high The SHIB communitya part of it thinks that it is not right for just one person to have such a large amount of supply. Because this person has about 20% of all the supply on the market, and selling it can trigger a big drop.

According to Jacob Oracle, one of the popular analysts of the market, if this person sells all the Shiba Inu he has The price of SHIB it can fall by 99.99%, which can reduce the price to zero. Expert names, on the other hand, say that staking is the only way to maintain earnings at the SHIB price.

The Price of SHIB

The price of Shiba Inu after witnessing a serious rise last month, it set a record with $ 0.000088 on October 28. Shiba Inu, which was trading at $0.000065 at the time the article was being prepared for publication, has retreated by about 7 percent in the last 24 hours.

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