Mysterious Shiba Inu Whale Abruptly Moves 4,657,881,590,632 SHIB Amid Launch of Shibarium Layer-2 Solution

0 6

knife

A mysterious Shiba Inu (SHIB) whale is suddenly moving trillions of SHIB as the project launches its new layer-2 scaling solution, Shibarium.

New data from whale-surveying platform Whale Alert reveals that a deep-pocketed SHIB investor has abruptly shifted a staggering 4,654,881,590,632 tokens, worth about $40.7 million, from one unknown wallet to another unknown wallet.

The sudden transfer occurred just a day after the Shiba Inu team launched Shibarium, the project’s highly anticipated layer-2 scaling solution. However, Shibarium’s launch wasn’t without issues as it received a “massive influx” of users and transactions during its release, causing some technical difficulties.

In a new blog post, pseudonymous lead SHIB developer Shytoshi Kusama says that “all is well” with the layer-2 protocol despite the torrent of activity, adding that the SHIB team never expected such a result.

“We’ve seen [the] Shib Army bring down large exchanges, websites, and other things. For the first time, our decentralized team has felt the power of the Shib Army in full. It’s insane really…

Although we expected a very busy moment, we never expected THIS much traffic, instantly.”

Shiba Inu is trading for $0.000009 at time of writing, a 10.6% dip during the last 24 hours while Bone ShibaSwap (BONE), the digital asset used to pay for Shibarium’s gas fees, is moving for $1.22 at time of writing, a 17% decrease in the last day.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox



Check Price Action



Follow us on Twitter, Facebook and Telegram



Surf The Daily Hodl Mix


Check Latest News Headlines

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Andi syaputra/LongQuattro

The post Mysterious Shiba Inu Whale Abruptly Moves 4,657,881,590,632 SHIB Amid Launch of Shibarium Layer-2 Solution appeared first on The Daily Hodl.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 64,733.34
ethereum
Ethereum (ETH) $ 3,467.34
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 577.05
solana
Solana (SOL) $ 158.61
usd-coin
USDC (USDC) $ 1.00
staked-ether
Lido Staked Ether (STETH) $ 3,470.59
xrp
XRP (XRP) $ 0.584946
the-open-network
Toncoin (TON) $ 7.38
dogecoin
Dogecoin (DOGE) $ 0.125214
cardano
Cardano (ADA) $ 0.446141
tron
TRON (TRX) $ 0.134394
shiba-inu
Shiba Inu (SHIB) $ 0.000019
avalanche-2
Avalanche (AVAX) $ 28.38
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 64,587.30
polkadot
Polkadot (DOT) $ 6.45
chainlink
Chainlink (LINK) $ 14.45
bitcoin-cash
Bitcoin Cash (BCH) $ 391.74
near
NEAR Protocol (NEAR) $ 6.21
uniswap
Uniswap (UNI) $ 8.29
litecoin
Litecoin (LTC) $ 73.75
leo-token
LEO Token (LEO) $ 5.84
dai
Dai (DAI) $ 1.00
pepe
Pepe (PEPE) $ 0.000012
wrapped-eeth
Wrapped eETH (WEETH) $ 3,611.85
matic-network
Polygon (MATIC) $ 0.544431
internet-computer
Internet Computer (ICP) $ 9.59
kaspa
Kaspa (KAS) $ 0.180012
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.45
ethereum-classic
Ethereum Classic (ETC) $ 23.77
ethena-usde
Ethena USDe (USDE) $ 1.00
aptos
Aptos (APT) $ 7.04
stellar
Stellar (XLM) $ 0.108132
monero
Monero (XMR) $ 161.13
blockstack
Stacks (STX) $ 1.91
hedera-hashgraph
Hedera (HBAR) $ 0.0776
maker
Maker (MKR) $ 2,939.04
render-token
Render (RNDR) $ 6.60
vechain
VeChain (VET) $ 0.031997
okb
OKB (OKB) $ 42.82
cosmos
Cosmos Hub (ATOM) $ 6.55
filecoin
Filecoin (FIL) $ 4.44
crypto-com-chain
Cronos (CRO) $ 0.094392
mantle
Mantle (MNT) $ 0.773985
arbitrum
Arbitrum (ARB) $ 0.76263
injective-protocol
Injective (INJ) $ 23.75
immutable-x
Immutable (IMX) $ 1.49
dogwifcoin
dogwifhat (WIF) $ 2.26
sui
Sui (SUI) $ 0.870738
bittensor
Bittensor (TAO) $ 295.99
the-graph
The Graph (GRT) $ 0.214438
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,510.33
optimism
Optimism (OP) $ 1.82
first-digital-usd
First Digital USD (FDUSD) $ 1.00
bonk
Bonk (BONK) $ 0.000028
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,874.74
arweave
Arweave (AR) $ 28.70
floki
FLOKI (FLOKI) $ 0.000187
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,597.58
notcoin
Notcoin (NOT) $ 0.016357
lido-dao
Lido DAO (LDO) $ 1.81
ondo-finance
Ondo (ONDO) $ 1.10
aave
Aave (AAVE) $ 104.13
theta-token
Theta Network (THETA) $ 1.53
bitget-token
Bitget Token (BGB) $ 1.08
jasmycoin
JasmyCoin (JASMY) $ 0.030419
fantom
Fantom (FTM) $ 0.520607
whitebit
WhiteBIT Coin (WBT) $ 9.66
based-brett
Brett (BRETT) $ 0.140366
thorchain
THORChain (RUNE) $ 4.12
algorand
Algorand (ALGO) $ 0.159955
celestia
Celestia (TIA) $ 6.61
pyth-network
Pyth Network (PYTH) $ 0.345322
jupiter-exchange-solana
Jupiter (JUP) $ 0.888734
coredaoorg
Core (CORE) $ 1.32
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,440.33
quant-network
Quant (QNT) $ 79.86
mantra-dao
MANTRA (OM) $ 1.36
sei-network
Sei (SEI) $ 0.358784
gatechain-token
Gate (GT) $ 7.73
elrond-erd-2
MultiversX (EGLD) $ 35.57
flow
Flow (FLOW) $ 0.619297
kucoin-shares
KuCoin (KCS) $ 9.72
flare-networks
Flare (FLR) $ 0.020962
gala
GALA (GALA) $ 0.02437
eos
EOS (EOS) $ 0.598547
bittorrent
BitTorrent (BTT) $ 0.00000091594541
beam-2
Beam (BEAM) $ 0.017572
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,525.12
axie-infinity
Axie Infinity (AXS) $ 5.98
bitcoin-sv
Bitcoin SV (BSV) $ 44.63
ethereum-name-service
Ethereum Name Service (ENS) $ 27.41
dydx-chain
dYdX (DYDX) $ 1.42
tokenize-xchange
Tokenize Xchange (TKX) $ 10.81
akash-network
Akash Network (AKT) $ 3.56
msol
Marinade Staked SOL (MSOL) $ 190.44
popcat
Popcat (POPCAT) $ 0.872104
tezos
Tezos (XTZ) $ 0.823464
neo
NEO (NEO) $ 11.38
ethena
Ethena (ENA) $ 0.466991