Bitcoinist
Upbit Moves 864B SHIB: Giant Transfer Sparks Market Frenzy
July 31, 2026•11:35 PM
The South Korean exchange Upbit has executed a massive rebalancing of 864 billion SHIB tokens between its internal wallet addresses, creating an on-chain movement of monumental proportions that has captured the attention of crypto investors and analysts worldwide. This internal transfer, while not representing a sale on the open market, demonstrates the scale of operations that major exchanges can conduct with meme tokens like SHIB.
The transaction occurs at a critical moment for the Shiba Inu ecosystem, as the community closely monitors activities of large volume holders (whales). Despite being an internal operation, movements of such magnitude can influence market perception and investor sentiment toward the token. Experts emphasize the importance of carefully analyzing flows from major exchanges to understand potential future implications for price and SHIB adoption.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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