Anonymous SHIB whale deposits $4.9M to exchange in one day

An anonymous Shiba Inu (SHIB) whale address transferred 800 billion SHIB, worth $4.91 million, to the exchange CoinMENA over the past day, EmberCN reported. Deposits to exchanges are typically interpreted as a precursor to selling. The whale initially acquired 1.03 trillion SHIB for $13,700 in 2020 and currently holds a total of 954.2 trillion SHIB, equivalent to 16.2% of the total supply and valued at $588 million.