Over 10.766 billion Shiba Inu (Shib) tokens, collectively worth around $153,337, have now moved on to Bibit thanks to large, almost inactive wallets today. Although this address has seen a restricted movement over the past year, this transfer has been made in two parts. One is a major major, including 10.7688 billion Siv, and one small follow-up, including 15 million Siv.
In both cases, the token was directed to the same Bibit deposit address.
Looking at wallet history, this is the first major SHIB transaction in almost a year. The last one happened when 1.6 billion Siv was sent to Kucoin. Shortly before that, we received a significant shiv inflow from Binance Hot Wallet, including 12 billion, 178 million S.M. and 1.98 billion S.M.M.
But since then, activities at the address have been quiet – until today.
At the time of the transfer, Meme Coin was trading at around $0.00001419. Based on the current chart, SHIB is above the 50-day moving average, with prices consolidated just below the resistance level of 0.000017.
Given this context, the timing of the whale's movement suggests that they will either exploit past profits or prepare to leave their long position.
I don't have much in my wallet anymore. The total amount is only $213, so that balance includes a small amount of ETH, BNB and some small tokens. So Shiv's transfer was probably a complete exit rather than a rebalance.
