An unknown Ethereum address has transferred almost 25 trillion Shiba Inu tokens worth over $250 million from a top crypto exchange to a self-custody wallet, according to on-chain data reported by crypto analytics firm Santiment.
The SHIB tokens were moved from an Ethereum address categorized by Etherscan as belonging to US crypto exchange Crypto.com to a new wallet.
The transfer was made in six different transactions and the whale has been amassing ETH rapidly since March 1st, possessing 992 ETH alongside its now 25 trillion SHIB.
Shiba Inu Transfer Is 3rd Largest In The World
According to The Daily Hodl, the massive transfer to the cold storage makes it the third largest Shiba Inu wallet in the world and the biggest that has not been identified as belonging to an exchange.
Statistics collected by WhaleAlert shows that the largest transaction it recorded involved the transfer of 4.1 trillion SHIB tokens to an unidentified wallet…
