Shiba Inu Whale Moves Massive Amount of SHIB Tokens
A recent on-chain analysis reveals that a large crypto whale has transferred a significant amount of Shiba Inu (SHIB) tokens. The Ethereum address associated with Coinbase Prime, the platform for institutional investors, moved 4.56 trillion SHIB tokens worth around $31.41 million to a new address. The recipient address appears to be newly created.
Shibarium Reaches Milestones
Shibarium, Shiba Inu’s layer-2 blockchain, has achieved 1,255,181 wallets and completed 3,524,173 transactions since its inception. The project team is preparing a promotional campaign for new projects built on the chain. They aim to maintain their status as one of the fastest and cheapest layer-2 networks. They encourage users to do their own research and verify contracts deployed on the network using the Blockscout contract verification system.
Hot Take: Shiba Inu’s Future Outlook
The sudden movement of a massive amount of SHIB tokens by a crypto whale raises questions about the future direction of Shiba Inu. As the project continues to reach milestones with Shibarium, it is clear that there is growing interest and activity in the ecosystem. However, it is important for users to conduct thorough research and verify contracts before participating in projects built on top of Shibarium. By maintaining transparency and security, Shiba Inu can position itself for long-term success in the crypto market.
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