Whale Alert, a popular crypto tracking service, has reported a large movement of Shiba Inu tokens from the Turkish exchange BtcTurk to an unknown wallet. The transaction involved 2.88 trillion Shiba Inu tokens, valued at $65.7 million at the time. The move sparked speculation among Shiba Inu community members, with some suggesting it was initiated by a crypto whale anticipating a price surge, while others believed it was for security purposes. BtcTurk clarified that it initiated the transaction as part of its routing wallet optimization efforts. Meanwhile, the recipient wallet currently holds 2.98 trillion SHIB, making Shiba Inu the third-largest asset in the wallet. Shiba Inu's price has seen a decline of 4.11% over the past day, reflecting a broader correction in the crypto market.



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