Record-Breaking Holder Count Accompanies 4.19T Whale’s SHIB Movement

Mysterious Whale moved 4.19 trillion Shiba Inu tokens as the SHIB holder count reached a record high.

Whale Alert, a blockchain tracking platform, has recently identified anomalous activity among top whale wallets. According to the disclosure, the mysterious Whale has distributed 4,193,953,460,450 (4.19 trillion) SHIB, worth $42,219,976 ($40.80 million), to the undisclosed wallet in a single transaction. This massive transfer left the sender’s wallet completely drained of SHIB tokens.

🚨 🚨 4,193,953,460,450 #SHIB (40,823,942 USD) transferred from unknown wallet to unknown wallethttps://t.co/ZBibgHTqpE

— Whale Alert (@whale_alert) December 11, 2023

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The massive distribution event comes a day after the said Whale accumulated 4,250,453,460,449 (4.25 trillion) SHIB tokens, equivalent to $42,334,473 ($42.33 million) from two separate wallets.

The recent development coincides with a period when on-chain data signals a resurgence of interest in the Shiba Inu ecosystem, with transactions from new investors hitting levels not seen since August. Market intelligence platform IntoTheBlock reports a 40% increase in active addresses purchasing SHIB for the first time.

Simultaneously, Shiba Inu has achieved a historic milestone, with its total holders count soaring to an all-time high. Etherscan.io data reveals that Shiba Inu has added 5,553 new holders in the past fourteen days, bringing the holders count to 1,356,857 (1.35 million).

This renewed interest has helped Shiba Inu shed ZERO from its price, reclaiming a $6 billion market capitalization and securing its position as the 16th largest cryptocurrency by market cap.

As of press time, Shiba Inu is trading at $0.00001042, up 2.31% over the last day, with a 24-hour trading volume of $293,574,825 ($293.57 million).