As the price of Shiba Inu struggles to defend the $0.00001 mark, on-chain data has spotted the movement of a significant amount of SHIB from a whale address. Following a mild retracement of the crypto market in the past 24 hours, the price of SHIB moved to the lower bounds of the $0.00001 range, which the token has defended for over a week. At the same time, on-chain data shows the movement of a sizable amount of SHIB between two addresses. On December 25, at 12:42 (UTC), a Shiba Inu whale transferred 4.2 trillion SHIB (approximately $45 million) to a newly created address. The move caught the eye as it was one of the largest SHIB transactions in recent times, overtaking a transaction by a new whale and another by Tron founder Justin Sun.