Shiba Inu (SHIB), world’s second largest meme cryptocurrency is trading under high selling pressure due to the recent collapse of the FTX crypto exchange. However, the crypto exchanges have moved a huge amount of Shiba Inu amid the price dip.
1.8 trillion Shiba Inu on move
As per Whale Alert, 1.8 trillion Shiba Inu has been moved in multiple transactions. The cumulative transferred SHIB amount is calculated at around $16.56 million. This huge transfer reportedly took from Crypto.com to Binance.
On the market side, Shiba Inu price has dropped marginally over the past 24 hours. SHIB is trading at an average price of $ $0.000009, at the press time. Its 24 hour trading volume stands at $144.5 million.
Shiba Inu is still holding a market cap of over $4.9 billion amid the increased uncertainty in the crypto market due to the FTX crash.
This can be termed as a huge transfer amid the anticipation built around the SHIB metaverse Shiberse. However, SHIB in a tweet mentioned that as an ecosystem it continues to grow and work together for a brighter future.
SHIB to join hands with WEF
It added that with Defi innovations create new opportunities for the community. While it invited every crypto community to join in.
Shytoshi Kusama dropped a poll for the community. He informed that they are being invited to work with the World Economic Forum. It pertains to their MV global policy. However, more than 62% of the people vote in the favor of working with WEF.
Shiba Inu ecosystem’s other token, Bone ShibaSwap price is up by 5% in the last 24 hours. It is trading at an average price of $0.729, at the press time. Its 24 hour trading volume is up 75% to stand at $3.7 million.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
