The mysterious big investor (known as whales) has gotten rid of Shiba Inu (SHIB) and Bone ShibaSwap (BONE) to buy 1.7 trillion PEPE tokens.
Lookonchain, a popular blockchain activity tracking service, recently reported on X (fka Twitter) that the enigmatic whale accumulated 1.07 trillion PEPE, worth $1.28 million, by selling all of her Shiba Inu (SHIB) and Bone ShibaSwap (BONE).
A whale sold all $BONE and $SHIB, then bought 1.07T $PEPE ($1.28M)!
The whale sold all 979,469 $BONE for 787 $ETH($1.44M) at $1.47 in the past 3 days.
Then deposited all 143B $SHIB($1.32M) to #Binance after #Shibarium stopped producing blocks.https://t.co/XILSObi0UC pic.twitter.com/vwv6puUYwo
— Lookonchain (@lookonchain) August 17, 2023
According to Lookonchain, the whale sold 979,469 Bone ShibaSwap (BONE), valued at $1.44 million (equivalent to 787 ETH) at an average price of $1.47 in the past three days.
In addition, the unknown investor transferred 142,980,265,938 (142.98 billion) SHIB, worth $1,303,980 ($1.30 million) to one of the Binance-associated wallets, tagged Binance 14 in a single transaction. Per Etherscan.io data, the transaction is executed precisely at 12:29:35 AM +UTC on August 17th, 2023.
Shortly after, the whale accumulated 1,068,448,646,503 (1.06 trillion) PEPE, worth $1,276,450 ($1.27 million) in a single transaction.
The selling of Shiba Inu Ecosystem’s tokens, SHIB and BONE, comes after Beosin, a trusted platform specializing in crypto-related risk analysis, flagged an emerging critical issue on Shibarium Mainnet. Boesin noted that over 965 ETH valued at $1.7 million got stuck on the Shibarium cross-chain bridge leading to a halt in block production. Boesin advised the users to take precautionary measures and refrain from using Shibarium Mainnet for the time being.
The Shibarium developers haven’t yet responded to the ongoing issue, raising concerns among crypto enthusiasts.
The unexpected development has caused SHIB and BONE prices to fall drastically. As of press time, Shiba Inu is trading 8% lower at $0.000009071 compared to the previous day, whereas the BONE price plunged 19.42% to $1.24.
On the other hand, PEPE is trading at $0.000001193, down -5.03% over the last day, with a 24-hour trading volume of $129,420,426 ($129.42 million).
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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