Early Shiba Inu investor transferred 40 trillion SHIB to new wallets

One of the early Shiba Inu investors carried out four transactions of 10 trillion SHIB (about $2.7 billion at the time of writing) to move assets to new wallets.

An unknown wallet owner bought Shiba Inu for $8,000 in August 2020. Against the backdrop of the meme-coin’s price rally, the value of the coins on the wallet at the moment surpassed $5 billion.

After four transactions, 30 trillion SHIB remained on the wallet (nearly $2 billion at the time of writing).

At the end of October, Shiba Inu hit an all-time high at $0.00008616, according to CoinGecko. At the time of writing, the token trades at around $0.000065.

As noted, former NSA and CIA employee Edward Snowden warned his followers against buying Shiba Inu and urged them to “assess their chances of outsmarting a market that sold a stake not in dog money, but in a clone of dog money”.

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