Top Shiba Inu Whale moved $32.55 million worth of SHIB tokens in the past 24 hours.
Shiba Inu whales made yet another significant SHIB token movement, as Whale Alert reported the transfer of $32.55 million worth of SHIB tokens in the past 24 hours.
Whale Alert, the leading blockchain data tracking platform, has uncovered a massive transaction involving an anonymous user who moved 4,534,030,677,374 (4.53 trillion) SHIB tokens, equivalent to $32,554,340 ($32.55 million), in one significant transaction. This mind-boggling transfer took place about fifteen hours ago from press time.
? ? 4,534,030,677,374 #SHIB (31,740,481 USD) transferred from unknown wallet to unknown wallethttps://t.co/UFiRD1owIV
— Whale Alert (@whale_alert) October 22, 2023
Etherscan.io data reveals that the sender’s SHIB balance has been reduced to zero following the gigantic transfer. Meanwhile, the destination wallet holds on to the entire sum received, catapulting it into the ranks of the 25th largest SHIB holder worldwide.
The development follows closely on the heels of another whale movement, where 4,575,030,677,374 (4.57 trillion) SHIB, worth $31,629,474 ($31.62 million), were moved in a single transaction on October 18.
Meanwhile, Shytoshi Kusama, the lead developer of Shiba Inu, has finally broken his silence, delivering exciting updates for the Shiba Inu community.
In a recent telegram chat, Shytoshi Kusama revealed that he is engaged in discussion with influential figures and top community members to pave the way for the next phase of the Shiba Inu Ecosystem. He also hinted at collaborating with various platforms to bolster community support and initiate the expansion of the Shibarium network.
As reported earlier by The Crypto Basic, GroveX, a prominent crypto exchange, is preparing to integrate Shibarium into its platform. The team, however, seeks direct contact with the Shibarium team for clarification on certain aspects of the chain.
Shiba Inu has noticed some positive price action following these developments. At the time of this report, Shiba Inu is trading at $0.000007157, marking a 2.54% increase over the last day, with a 24-hour trading volume of $110,510,105 ($110.51 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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