Institutional Investors Are Massively Transferring Shiba Inu To Exchanges

According to Etherscan, today, September 7, 2022, an unknown investor transferred over 164 billion Shiba Inu coins to the address of the Binance crypto platform. It looks like the crypto kit did this for a subsequent asset selloff.

Over the past week and a half, the address 0xf05e2a70346560d3228c7002194bb7c5dc8fe100 has been actively buying up SHIB, and the total volume of incoming transactions amounted to over 100 billion coins. But at the time of September 7, this investor decided to get rid of his assets for a total of $1.99 million.

It is noteworthy that over the past 14 hours, large holders have redirected about 576 billion Shiba Inu into the liquidity pools. About 76 million coins entered the balance of the Unicorn exchange.

Another 499.9 billion SHIB went to the deposit of an unknown crypto platform. Many experts agree that this is a clear bearish sign, since such a significant increase in supply could negatively affect the position of the coin.

Such cooperation should ensure the interaction of buyers and sellers in the Latin American region. This jurisdiction is considered a priority for In switch Corporation. Representatives of the organization stressed that they intend to attract at least 650 million new users who will be able to pay for various goods and services in SHIB coins. It is noteworthy that users who join this program will be able to accept payments in 50 digital assets, including Bitcoin and Ripple.

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