Top Shiba Inu Whale Transfers Over 4.5 Trillion SHIB Tokens – What Does it Mean?
Shiba Inu remains the top meme coin, recording thrilling developments and innovations in its ecosystem. Also, the SHIB community has proven its commitment and loyalty to supporting and promoting the protocol.
Regarding the health of the native token SHIB, a recent accumulation has stirred the crypto community's attention as it led to the emergence of a new whale. A Shiba Inu whale carried out a transaction where trillions of SHIB tokens worth millions of dollars entered a single wallet within the past 24 hours.
SHIB Whale Moves Trillions Of Shina Inu Tokens Worth $32.55 MillionThe leading blockchain data provider, Whale Alert, revealed the recent huge transaction by one of Shiba Inu's whales.According to the data, the whale, whose identity remains anonymous, transferred about 4,534,030,677,374 SHIB coins in a single transaction.
According to the recent prices in the crypto market, the tokens are worth $32,554,340. Further, data from Etherscan.io showed that the sender's Shiba Inu account balance became zero after the massive funds movementwas completed.
- Whale Alert (@whale_alert) October 22, 2023
The recipient wallet holding the total moved funds has emerged as the 25th biggest SHIB holder globally. Besides this recent transaction, Shiba Inu had recorded a previous massive token transfer from another whale on October 18.
The whale had moved 4,575,030,677 374 SHIB coins worth about $31.62 through a single transaction. Last week, the whale's fund's transfer occurred as Shiba Inu price dipped. Data from CoinGecko disclosed that SHIB plummeted by 2.3% on October 18, pushing the price down to $0.00000691.
As such, the whale had moved the SHIB tokens at an average price of $0.00000688, suggesting that large investors might anticipate a price increase following the dip.
Other Exciting Updates For The SHIB ArmyBesides the huge funds' transfer, the Shiba Inu lead developer, Shytoshi Kusama, released exciting news regarding some updates within the SHIB ecosystem, stirring the SHIB community positively.
According to a recent Telegram chat, Kusama disclosed that he's been discussing the next phase of the Shiba Inu ecosystem with some influential and prominent crypto community personalities.
Kusama insinuated upcoming collaborations with different platforms that could ensure continuous growth of the Shibarium network while supporting the entire community at large.
Notably, a new partnership is set to emerge between Shiba Inu and GroveX, a prominent Australian crypto exchange.The exchange plans to integrate Shiba Inu's layer 2 blockchain, Shibarium but still needs clarity on some aspects of the blockchain.
The lead developer also appreciated the inputs of the Shiba Inu team on the Shibarium blockchain. In the Shibarium Telegram group, Kusama stated:
Excited to see all the incredible projects on Shibarium. Finally, get to come out of quiet mode for all the amazing projects out there.
Notably, Shiba Inu's content specialist, Lucie, revealed the latest statements from Shytoshi Kusama on the X platform.
It may seem like we're quiet and ignoring projects, but truth be told, we've got our eyes glued to every Shibarium project!
We're eagerly watching the developments, innovations, and the incredible work being done.
Keep up the great work, #Shibarium gang!... pic.twitter.com/JkZPa68Ozf
- |
Shibarium
The post Top Shiba Inu Whale Transfers Over 4.5 Trillion SHIB Tokens - What Does it Mean? appeared first on The Tech Report.