Is Elon Musk the Whale that Moved 6 Trillion SHIB Last Week?

Shiba Inu (SHIB), the so-called "Dogecoin Killer'' has had a few amazing weeks. The memecoin started pumping from when it was listed on Coinbase last month. But, that surge was just a preview of the jump that happened days ago.


Is Elon Musk the Whale that Moved 6 Trillion SHIB Last Week?
Elon Musk Holds Shib token | Image: Optimisus

SHIB tokens increased by over 50% in a day. What's more the next day, the price surged around 242.9% over a week-long chart. According to CoinMarketCap, the price is still up and currently trades at $0.00002570, at the time of writing.


Prior to this, many transactions took place. WhaleStats, the blockchain platform that monitors all crypto transactions, caught a massive number of SHIB being sent to an unknown wallet. Notably, the transfer was about 6,178,758,122,373,372 SHIB.


The transfer happened from one Ethereum wallet to another with over 6 trillion SHIB thanks to Etherscan. The transfer occurred just before the SHIB token rally.


Moreover, the funds were again moved a few more times before they settled into another unknown wallet. This got the crypto community very curious as to who envisioned this rise and earned from it. Many questions surged as the whale moved 6 trillion SHIB at the golden hour.


While some wondered who the whale is, others said it's nobody else but Elon Musk. It is no secret that Elon Musk believes in digital assets and the affection he has for meme tokens, especially Dogecoin (DOGE). So, would it really be that Elon Musk would show interest in SHIB token too?