A brand-new Shiba Inu Whale got a humungous $17.71 Million worth of Shiba Inu (SHIB) in a single transaction.
Etherscan.io data reveals the massive transfer of a staggering 1,926,012,699,342 (1.92T) SHIB, worth $17,719,316 ($17.71M) from an unknown wallet to a newly born Shiba Inu wallet in one robust transaction executed about 12 hours ago.
Shiba Inu Developments
In a recent development, as reported by The Crypto Basic, the leading Japanese crypto exchange, OKCoin Japan, confirmed that it will make SHIB available for trading purposes on the platform in February 2023.
Additionally, John Richmond, the famous Italy-based clothing brand and the official IRL partner of Shiba Inu, recently confirmed that they’re working on creating different versions of T-shirts with the JR logo and a SHIB theme. This step from the famous brand will get Shiba Inu more exposure all across the globe.
Recent images officially revealed by the SHIB metaverse show that team is building its metaverse on Unreal Engine 5.1.
Shib Burns
On the other hand, Shiba Inu Community is also committed to reducing the overall gigantic supply of Shiba Inu. As reported earlier by The Crypto Basic, the Community-led SHIB Burn initiatives destroyed a whopping 90,061,737 (90.06M) SHIB through 44 separate transactions in the past week alone.
Following the massive burn, the total Shiba Inu’s supply is reduced to 589,616,874,345,805 (589.61T) tokens with 562,661,218,538,966 (562.66T) SHIB in circulation and 26,955,655,806,838 (26.95T) SHIB staked on ShibaSwap DEX.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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