A mysterious cryptocurrency whale is abruptly relocating trillions of Shiba Inu (SHIB) (SHIB) as the top meme cryptocurrency gears up for a highly anticipated upgrade.
Blockchain-tracking service Whale Alert outlines that the deep-pocketed cryptocurrency investor moved 3,272,307,240,798 SHIB worth $38.87 Million at time of transfer, from one wallet of unknown origin to another.
Whale Alert likewise shows that the Shiba Inu (SHIB) whale paid 0.000725 Ethereum (ETH) worth $1.14 in transaction fees.
The sending wallet received over 3.31 trillion SHIB four days ago and as of now has zero Shiba Inu (SHIB) balance, reports by data from Etherscan. In the meantime, the receiving wallet is still holding the substantial Shiba Inu (SHIB) trove.
Shiba Inu (SHIB) is currently worth $0.00001153 at the moment of writing. The top Dogecoin (DOGE) (DOGE) competitor is up over 42 percent this year after opening 2023 at $0.00000809. Regardless of the surge in the last 31 days, SHIB is still down greater than 86 percent from its record-breaking peak, which it recorded in October 2021.
The Shiba Inu (SHIB) community is eagerly awaiting the launch of Shibarium, a layer-2 solution built on the Ethereum (ETH) (ETH) blockchain tech. The update intends to make better Ethereum’s scalability, similar to Polygon (MATIC) and Optimism (OP). Although while one of Shiba Inu (SHIB) key developers has hinted that the release of Shibarium is imminent, the project has been tight-lipped on the update’s launch date.
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