In a stunning development, a transfer of 12 billion Shiba Inu (SHIB), valued at approximately $160,800, has occurred to Bitvavo, a leading European cryptocurrency exchange. This massive transaction, tracked by on-chain data from Arkham Intelligence, indicates a significant movement in the Shiba Inu ecosystem. The funds were originally held in a wallet containing over $1.48 million in cryptocurrency, predominantly in SHIB. Such large transfers often signify shifts in market sentiment and draw attention to the growing influence of SHIB in the crypto landscape.