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SHIB Whale Moves 469 Billion Tokens to OKX Exchange

SHIB Whale Moves 469 Billion Tokens to OKX Exchange

An early SHIB investor transferred $3.48M to OKX, maintaining $718M in holdings and preserving control over 16.3% of the cryptocurrency’s circulating supply.

SHIB

Summary

A major Shiba Inu (SHIB) holder, who bought 103 trillion SHIB in 2020 for $13,700, sent 464.3 billion SHIB worth $3.48 million to the OKX exchange. The wallet still possesses 96.22 trillion SHIB valued at $718 million, accounting for 16.3% of the total supply. This action highlights the ongoing market influence of early SHIB investors.

Terms & Concepts
  • SHIB: Shiba Inu cryptocurrency, an Ethereum-based meme token.
  • OKX: Global cryptocurrency exchange offering trading and blockchain services.
  • Whale: A term used to describe an individual or entity holding large amounts of cryptocurrency, capable of influencing market trends.