• Investor transferred 40 Trillion SHIB tokens into four wallets.
• Shiba Inu valued at $2,760,000.027.60 were moved by the owner.
• The Shiba armies hope that Kraken and Robinhood (NASDAQ) will list to increase the SHIB price.

As every expert and enthusiast in crypto has already said, it is altcoin time. This is particularly true for altcoins like Shiba Inu, which took the globe by storm. SHIB has gained more momentum and popularity, while its usage cases are growing. Therefore, we can rightly say this November is another bull period for the crypto community to ‘cash out,’ that’s if one makes the right investment decision.

As we move forward in the discussions about Shiba, Inu, an investor purchased SHIB tokens worth $8,000 in August 2020. Recenty, 40.004 trillion tokens were transferred from the investor’s wallet to four other wallets. According to Etherscan, when converted to fiat the total tokens transfered amounts to $2.760,000,000.027.60 billion

Source: Etherscan

The transaction also came just after Shiba was surpassed to join a league of the top 10 cryptocurrency exchanges. The memecoin has risen by 103.2 million% in the last 12 months, following a huge rally which saw SHIB the main focus of the recent weeks.

In other words, the Shiba Inu tokens of 10,000,000,100,000. were sent to four addresses without any prior transfer. What’s more, the transaction happened from 6:20 PM to 6:45 PM ET Tuesday. The total cost of each transfer was approximately $600 (or 10 trillion tokens). Similar to the above, Shiba Inu’s unit price was $0.000069 at the time the transfers were made.

Not to mention, since the transfer, SHIB’s token price fell by 7.35%. However, some have different opinions on why Shiba’s price is dropping. Kelvin Smart, a SHIB analyst, says that this is a significant development.

Price is slightly dipping principally because of the aftermath effect of the recent squid game token rug pull that liquidated a lot of people’s investment seeds/funds. A few newbies suffered from the residual FUD effects of this pull, and pulled funds out of SHIBA INU for fear of future uncertainty. This is due to their ignorance and lack knowledge.

Furthermore, he attributes Facebook’s ‘Meta’ as another factor that is affecting the price of Shiba Inu.

Meta, the Facebook (NASDAQ;) re-branding from Meta brings its own contribution to relative dipping. A lot of people have transferred their SHIBA funds into trading metaverse tokens SAND and MANA. SHIBA INU has seen a decrease in trading volume due to this rapid growth in the volume of these coins. But, it is important to note that Shib holders continue to increase which in turn is one of the main determinants of price. People will put all the profits into SHIBA when the Facebook Meta effect ends. Guess what else? This will cause a massive uptake and it will be huge.

Meanwhile, the Shiba armies await Kraken and Robinhood to make SHIB more expensive than ever. According to CoinMarketCap, Shiba Inu currently trades at $0.00006602

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