A significant amount of Shiba Inu Tokens (SHIB) has been transferred from the crypto exchange Bitvavo to an unidentified wallet. The total value of the tokens transferred is estimated to be about $35.7 million.
Upon closer examination, it was discovered that the recipient wallet is newly minted and has no history of past transactions. This suggests that it may be a storage wallet rather than one actively used for Trading.
It is not uncommon for Bitvavo to store crypto tokens in unknown Wallets. However, the only known Bitvavo wallet holding Shiba Inu Tokens has a much smaller amount, valued at $1.93 million.
The transferred SHIB tokens have not yet been liquidated through exchanges, leading to speculations that Bitvavo may have transferred the assets for storage purposes to an unknown destination.
Analysts have looked into potential yield opportunities for such a large sum of SHIB tokens and concluded that there are limited options. The Uniswap v3 pool of SHIB-WETh, which offers a 91% yield, seems to be the most likely option. However, this pool only has a total value locked (TVL) of $1.2 million, indicating that the $35.7 million SHIB tokens are not there.
The address where the tokens were transferred continues to be monitored for any potential moves that could impact the SHIB token.
Overall, this unexpected transfer of a large sum of SHIB tokens has raised questions and sparked curiosity among analysts. The motive behind the transfer and the identity of the recipient wallet remain unknown. Further developments and movements in the SHIB token will continue to be closely observed..
#Heres #SHIB #Left #Exchange
Upon closer examination, it was discovered that the recipient wallet is newly minted and has no history of past transactions. This suggests that it may be a storage wallet rather than one actively used for Trading.
It is not uncommon for Bitvavo to store crypto tokens in unknown Wallets. However, the only known Bitvavo wallet holding Shiba Inu Tokens has a much smaller amount, valued at $1.93 million.
The transferred SHIB tokens have not yet been liquidated through exchanges, leading to speculations that Bitvavo may have transferred the assets for storage purposes to an unknown destination.
Analysts have looked into potential yield opportunities for such a large sum of SHIB tokens and concluded that there are limited options. The Uniswap v3 pool of SHIB-WETh, which offers a 91% yield, seems to be the most likely option. However, this pool only has a total value locked (TVL) of $1.2 million, indicating that the $35.7 million SHIB tokens are not there.
The address where the tokens were transferred continues to be monitored for any potential moves that could impact the SHIB token.
Overall, this unexpected transfer of a large sum of SHIB tokens has raised questions and sparked curiosity among analysts. The motive behind the transfer and the identity of the recipient wallet remain unknown. Further developments and movements in the SHIB token will continue to be closely observed..
#Heres #SHIB #Left #Exchange
