Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
According to fresh data on the chain from InotheblockWhale drains from Major Shiba Inu (Shib) The addresses increased from 61.59 billion to a huge 645.06 billion chips in just two days – from 3 to 5 August. This represents more than 1,000% outflows from large holders.
What is particularly interesting is the silence that surrounds it on the price chart of the popular cryptocurrency meme. In the same period, Shib’s price As soon as it moved, hovering around $ 0.000012, with a short increase to $ 0.000013 before returning.
You may also like it as well
Intotheblock classifies any address that holds more than 0.1% of the Shib offer as a “big holder”, which means it was not a retail noise. These were whales or investors with heavy weight potentially shifting funds from the stock exchanges or signaling something structural.
The main holders include Binance, Coinbase, UPbit and Robinhood, who together hold the Shib worth billions of dollars and often play a role in transactions of this size.
Where to do it?
It is not clear whether the drains were preventive or strategic, but the timing raises questions again. In previous cycles, there were similar spikes in drainage activity before major price changes – either ascending increases or sharp corrections – depending on where the tokens ended.
You may also like it as well
It is also worth noting that the outflow formula has occurred after a week of minimal changes in volume and price, which could indicate the relocation in the middle of August volatility. For the time being Shib It remains down, but whales with the greatest influence on the token can already feel the opportunity.
If the formula repeats itself, retail investors could find themselves again.
