Summary:
The failed launch of Shibarium, a blockchain for the Shiba Inu ecosystem, led to $131.57 million being moved by whale addresses in 29 transactions. These transactions, which occurred since August 16, raised concerns about the safety of funds locked in the bridge contract. The total amount moved accounted for 2.6% of the total supply of SHIB tokens. Interestingly, there were no withdrawals by SHIB whales from centralized exchanges, and the transactions involved a mix of deposit, internal, and unknown addresses. Institutional investors Cumberland and Wintermute Trading were also involved in some of the transactions.
Main Breakdown:
– $131.57 million were moved by whale addresses in 29 transactions.
– The transactions occurred after the failed launch of Shibarium.
– 15.34 trillion SHIB tokens were moved, accounting for 2.6% of the total supply.
– There were no withdrawals from centralized exchanges.
– The transactions involved a mix of deposit, internal, and unknown addresses.
Huge SHIB whales move $130 million amid Shibarium launch
The failed launch of Shibarium has caused significant movement of funds by whale addresses, with $131.57 million being moved in 29 transactions. This raises concerns about the safety of funds locked in the bridge contract. Interestingly, there were no withdrawals from centralized exchanges, indicating that a purchase did not occur. The transactions involved a mix of different types of addresses, including deposit, internal, and unknown addresses. It is worth noting that institutional investors Cumberland and Wintermute Trading were also involved in some of the transactions. Overall, these whale movements provide valuable insight into the current state of the SHIB ecosystem.
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