A new whale address recently accumulated over 4.59 trillion Shiba Inu (SHIB) tokens from Netherlands-based crypto exchange Bitvavo at a value of $0.00000726 per token, sparking speculation.

Whale Alert, a prominent whale-tracking tool, first called attention to the significant movement in a recent tweet. According to the disclosure, the whale received the tokens from a wallet controlled by Bitvavo, one of the largest exchanges in the Netherlands.

Data from Etherscan adds more context to the whale transaction. Notably, the transaction involved exactly 4,595,530,677,374 (4.595 trillion) Shiba Inu tokens, currently priced at $33.82 million against prevailing rates.

Whale Alert’s disclosure revealed that the worth of the tokens stood at $33.37 million at the time of the transaction. This means the whale procured the assets at $0.00000726 per SHIB. Shiba Inu has increased by 1.37% since the transaction occurred. As a result, the worth of the tokens has surged by $445K.
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