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Big Investor Accumulates 500B Shiba Inu From Coinbase as SHIB Eyes $0.00003

Mark Brennan
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Big Investor Accumulates 500B Shiba Inu From Coinbase as SHIB Eyes $0.00003

An unknown entity has withdrawn over $14 million worth of Shiba Inu from Coinbase as SHIB continues to capture investor attention.

In the past 24 hours, the price of Shiba Inu has increased by double digits, soaring up to 26% at one point. The price surge signals strong buying interest, a fact that on-chain data has now corroborated.

On-chain Nerd uncovered a Shiba Inu whale who created seven new wallets to accumulate the asset. The unknown entity withdrew 71.55 billion Shiba Inu ($2.05 million) from Coinbase to each of the new wallets, for a total of 500.85 billion Shiba Inu ($14.35 million). 

The use of multiple wallets is not surprising, as most crypto investors use this approach to minimize security risks.

Also, while there is a possibility that the whale may have purchased the Shiba Inu in the past and only withdrawn it now, recent bearish action around the cryptocurrency suggests that the address might have capitalized on the downtrend to acquire a position in SHIB.

It bears mentioning that if the whale holds onto their SHIB holdings until the cryptocurrency reclaims its all-time high, then the value of the assets will increase by over three times. In that case, the 500.85 billion SHIB will be valued at $44.3 billion.

Are Whales Waking Up to Shiba Inu?

Beyond the current price action, the latest whale action catches the eye for several other reasons. For one, it contrasts whale moves earlier this month when some moved to cash out on Shiba Inu. 

As reported by The Crypto Basic, a whale moved $10 million worth of Shiba Inu to Wintermute in a potential selloff move. Following these movements, a new accumulation phase by high-profile investors suggests Shiba Inu may be aligning itself for further price growth. 

Several analyst predictions tip Shiba Inu to regain its previous all-time high, a target that can easily be realized if more whales pile into the token. In the meantime, Shiba Inu (SHIB) remains 67% off its all-time high, trading at $0.00002831 at the time of writing.

Elon Musk Three Dogs Post Gets Shiba Inu Response

Sam Wisdom Raphael
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Elon Musk Three Dogs Post Gets Shiba Inu Response

A recent post from Elon Musk depicting his dogs in celebration of St. Patrick’s Day has received a response from a Shiba Inu ecosystem official in a push toward visibility.

St. Patrick’s Day, a commemoration of the Patron saint of Ireland, Saint Patrick, came up on March 17 this year, as is customary. Several influential figures took to social media to celebrate the cultural and religious holiday, one of whom was Elon Musk, CTO at X and CEO of Tesla.

Musk’s celebratory post showcased his trio of canines adorned in green attire reminiscent of St. Patrick’s Day.

Image Source: https://twitter.com/elonmusk/status/1769418947403681837

Among them was Floki the Shiba Inu, prompting engagement from dog-themed cryptocurrency projects as they sought the billionaire’s attention for increased visibility.

Shiba Inu Content Specialist’s Response

One notable response came from Lucie, a content specialist affiliated with the Shiba Inu ecosystem team. Diverging from the rest, Lucie’s contribution showcased a festive display from the Shib Army and the Shibarium ecosystem, extending warm St. Patrick’s Day greetings to everyone.

While the message could have gone elsewhere, Lucie chose to strategically place it under Elon Musk’s post for obvious reasons that bordered on the chances of increased visibility. The post, which is more susceptible to attracting Musk’s attention, has now amassed over 27.6K views in less than 24 hours.

Musk’s Market Influence

Elon Musk is widely known for his occasional remarks on cryptocurrency projects, with most of his comments triggering positive market reactions. Last week, Musk hinted at the prospect of allowing Dogecoin (DOGE) payments for Tesla vehicles while at Tesla’s Giga factory in Berlin.

The Tesla Chief chimed in the “Dogecoin to the Moon” mantra while speaking, triggering an impressive run in the price of Dogecoin. DOGE eventually rallied 13% from a low of $0.1657 to a high of $0.1880 as it sought to leverage the bullish comments for a push toward $0.20.

Most recently, Musk playfully noted that he would purchase a cryptocurrency associated with American entrepreneur and angel investor Jason Calacanis, as the renowned author posted a disclaimer dissociating himself from any crypto projects using his name.

Shortly after Elon Musk’s reply to Calacanis, a Solana-based meme coin with the ticker JASON bearing Calacanis’ likeness skyrocketed in value, presenting massive gains to its holders. An investor disclosed that he made nearly $100,000 within a short timeframe holding the token.

These cases of positive price reactions have contributed to the growing competition for Elon Musk’s attention, as a comment from the billionaire could positively impact the market. Meanwhile, Shiba Inu is already on a path to recovery from the recent drop, currently changing hands at $0.00002858.

XRP Trading Starts on Exchange Registered with U.S. Treasury Department

Abdulkarim Abdulwahab
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XRP Trading Starts on Exchange Registered with U.S. Treasury Department

XRP has secured a notable listing on Atlantis Exchange, a crypto trading platform registered with the U.S. Department of the Treasury.

Atlantis Exchange Listing XRP

In a recent post on X, Atlantis Exchange disclosed that it included XRP among its list of supported cryptocurrencies. Specifically, XRP commenced trading on the platform on March 17 at 5:00 AM UTC, with the trading pair USDB.

Per the notification, the supported network for XRP deposits on Atlantis Exchange is via BNB Chain (BEP20), suggesting the platform has yet to integrate the XRP Ledger (XRPL). Notably, the platform has opened the door for XRP deposits since Wednesday, March 13.

While XRP trading commenced on March 17, Atlantis Exchange users will be able to tender their withdrawal requests three days after, specifically from March 20. The exchange also disclosed that the fee associated with trading XRP on its platform would be 0.2%.

Besides listing XRP, Atlantis Exchange has issued a daring projection for XRP’s value. In particular, the platform asserted that users could witness a 100-fold value increase amid its list of XRP, urging them not to “miss out.”

At the same time, Atlantis Exchange highlighted that XRP is a crypto asset that facilitates cross-border payments. Also, it pointed out that XRP is the native currency within XRPL, a decentralized, open-source blockchain technology capable of settling transactions within a remarkable timeframe of 3-5 seconds.

Atlantis Exchange Holds U.S. Regulation

Atlantis Exchange is a global trading platform proclaiming itself as the pioneering disruptive international exchange with cutting-edge FinTech solutions. The team asserts that the exchange is duly registered with both the U.S. Department of the Treasury and the United Nations.

Lingering Concerns about Atlantis Exchange

Meanwhile, it is worth mentioning that some crypto market participants have cast doubt about the reliability of Atlantis Exchange. Specifically, there have been accusations labeling the exchange as a scam, with users citing difficulties in withdrawing their deposited tokens. These concerns have persisted over time. 

Therefore, XRP investors are advised to exercise caution should they choose to engage with the platform amid the new listing.

Recall that, As reported by The Crypto Basic, XRP is the only coin with clear legal status in the US after XRP won against the SEC. The court declared XRP as a Non-Security last year. The European Corporate Governance Institute also acknowledged XRP’s non-security status. As XRP gets legal clarity, Uphold Head of Research Says, XRP ETFs Around the Corner.

Shiba Inu Spikes 26% in Recovery Push Toward $0.00003

Sam Wisdom Raphael
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Shiba Inu Spikes 26% in Recovery Push Toward $0.00003

Shiba Inu (SHIB) recently spiked 26% amid the ongoing market resurgence, indicating a strong push toward the critical threshold at $0.00003.

The market is experiencing a downturn after a sustained uptrend in late January. Bitcoin (BTC) surged 91% from its low of $38,555 on Jan. 22 to reach its most recent all-time high of $73,777 on March 14, eliciting a favorable response from the wider market.

Shiba Inu capitalized on this significant uptick. Despite entering the trend at a later stage, the cryptocurrency surpassed market expectations by surging 378% from $0.000009536 on Feb. 23 to achieve a multi-year high of $0.00004563 on March 4.

SHIB encountered strong resistance at the $0.000045 high, resulting in a retracement. The broader market joined SHIB in the drop from March 14, when BTC also witnessed a correction from its latest ATH above $73,000.

Shiba Inu Soars 26% in Recovery Push

With the market poised for a comeback, Shiba Inu seeks to capitalize on this momentum to regain the losses incurred during the retracement. SHIB embarked on its recovery journey yesterday, shortly after testing the support level at $0.000023 on March 16.

After plummeting to $0.00002380 amid a 15% decline on March 16, Shiba Inu promptly initiated a recovery effort, rallying to a peak of $0.00003020 on March 17. This represented a notable 26% surge from the low recorded on March 16.

SHIB retained the $0.000029 level despite slightly dropping from the $0.00003 threshold, ending March 17 with a 16% gain. The primary aim of this recent recovery push is to recapture and sustain levels above $0.000030, a pivotal threshold that could serve as a springboard for further advancements toward $0.00004.

However, Shiba Inu has not met this objective, as its recent run faced opposition this morning. The token is down 1.46% today yet maintains a 13% gain over the past 24 hours, positioning it as the ninth-biggest gainer among the top 100 crypto assets during this period.

SHIB’s Current Position

At the current price of $0.00002914, Shiba Inu has recovered 22% of its value since the drop to $0.00002380. Nonetheless, data provided by IntoTheBlock (ITB) indicates that the asset remains susceptible to a potential decline to $0.000026, which represents the minimum purchase price for break-even addresses.

Shiba Inu Address Profitability IntoTheBlock
Shiba Inu Address Profitability | IntoTheBlock

To mitigate the risk of further declines below $0.00003, Shiba Inu would need to surpass the $0.000034 price level. Subsequently, breaking through the supply wall between $0.000034 and $0.000037 would be essential for the asset to secure the $0.00004 territory.

Fortunately, Shiba Inu’s technicals remain predominantly bullish, bolstering the likelihood of an upcoming rally. Despite its current price of $0.00002914, SHIB’s relative strength index (RSI) stands at 58.44, indicating that the asset is well below overbought levels and still has considerable room for growth.

Shiba Inu Daily RSI
Shiba Inu Daily RSI

As previously reported by The Crypto Basic, Shiba Inu still faces minimal resistance on the path toward $0.00008845. Although four supply walls stand between the asset and this price territory, transaction volumes at these supply walls remain low.

Analyst Predicts Explosive 433% Shiba Inu Surge to $0.0001553

Abdulkarim Abdulwahab
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Analyst Predicts Explosive 433% Shiba Inu Surge to $0.0001553

Despite the bearish trend, a prominent crypto analyst has argued Shiba Inu remains on the path to a price beyond its all-time high, explicitly targeting an explosive rocket launch of 433% to $0.0001553.

In recent weeks, Shiba Inu has given up to bearish forces, tanking by over 30% to a low of $0.00002786. While the price collapse is due to the Bitcoin price correction, Shiba Inu has yet to recover significantly. Its price retains a 4% decline in the last 24 hours, with a prevailing market value of $0.0000291.

Meanwhile, prominent market observers like Javon Marks believe Shiba Inu’s bullish phase is still in action and that market participants can expect a rocket launch soon, as it happened earlier this month.

Shiba Inu Rocket Launch Soon

In a recent update on X, Marks reiterated his longstanding target of $0.000081 for Shiba Inu. The analyst noted that since he first issued the target around September 2023, SHIB has witnessed an outstanding 531% gain.

However, he emphasized that the gain stays low as his breakout target for Shiba Inu remains at $0.000081.

Notably, SHIB surged 350% within a week to crack $0.00004534 on March 5, although the asset has corrected most of these gains amid the bearish markets. With Shiba Inu around  $0.0000291, Marks argued that the asset is set for another 147% gains in the coming days.

The projected percentage growth implies Shiba Inu could soon reclaim the $0.000071 threshold. At the same time, the analyst remains convinced that the $0.000081 is within range. Notably, these are price points Shiba Inu last attained during the peak of 2021’s bull season.

SHIB Path to $0.0001553

Furthermore, Javon Marks argued that SHIB’s rally to $0.000081 sets the foundation for more unprecedented price territories. In particular, the analyst argued that the $0.000081 level opens the door for SHIB to engineer further 90% gains to reach a never-seen-before price of  $0.0001553.

Considering SHIB’s price at $0.0000291, attaining $0.0001553 implies a 433% return on investment for Shiba Inu investors. With SHIB’s all-time high at $0.00008845, crypto market participants eagerly await SHIB overcoming this threshold in this bull season.

Holding Shiba Inu: Here’s How Much 30M, 150M, 400M, 700M and 1B SHIB Would be Worth if It Hits $0.0003 or $0.003

Sam Wisdom Raphael
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Holding Shiba Inu: Here’s How Much 30M, 150M, 400M, 700M and 1B SHIB Would be Worth if It Hits $0.0003 or $0.003

Some investors have held onto their Shiba Inu tokens, awaiting a price appreciation that could help skyrocket the worth of their bags, with the $0.0003 and $0.003 targets in view.

Shiba Inu has not escaped the recent market-wide onslaught, but its resilience has kept it above the $0.000025 price level as it awaits a market recovery. Amid the downtrend, investors have continued to hold onto their tokens, equally anticipating a rebound.

On-chain data from CryptoQuant confirms this trend, with the Shiba Inu Exchange Reserve metric suggesting that investors have continued to withdraw their SHIB tokens from exchanges since Feb. 29. This pattern typically indicates an intent to hold onto the tokens for long.

SHIBA INU Exchange Reserve All Exchanges 1
Shiba Inu Exchange Reserve

The amount of Shiba Inu on exchanges soared to a yearly peak of 164.24 trillion tokens on Feb. 29. However, this figure continued to decline from this peak as SHIB recorded an uptrend. Despite the recent correction, the reserve has continued to drop, currently pegged at 157 trillion tokens.

As these investors pull their assets to cold wallets, the consensus is an expectation of higher price surges. In this article, we present an overview of how much some holdings could be worth if Shiba Inu clinches any of these higher prices, with $0.0003 and $0.003 in view.

The worth of 30M, 150M, and 400M Shiba Inu at $0.0003 and $0.003

For investors holding 30 million and 150 million SHIB, their holdings are currently worth $507.4 and $3,805, respectively, as Shiba Inu currently changes hands at $0.00002537. Interestingly, these tokens were worth $310 and $1,554 at the start of the year.

If Shiba Inu recovers from the ongoing downturn and eventually hits $0.0003, the 30 million SHIB tokens would be worth $9,000, while the value of the 150 million SHIB bag would skyrocket to $45,000.

For those anticipating higher gains, a SHIB rally to $0.003 could help them achieve this goal. Notably, if Shiba Inu reaches $0.003, the worth of the 30 million SHIB would rise to $90,000, with the 150 million holding surging to $450,000.

However, at Shiba Inu’s current price, the 400 million holdings investment is currently worth $10,148. If SHIB surges to $0.0003, the tokens’ worth would jump to $120,000. In addition, at a Shiba Inu price of $0.003, this investment would be worth $1.2 million.

Worth of 700M and 1B Shiba Inu at $0.0003 and $0.003

Meanwhile, investors with larger holdings would witness more substantial growth in their investment value should Shiba Inu reach the projected price goal.

For instance, the 700 million tokens, currently worth $17,759, would surge in value to $210,000 if Shiba Inu reached $0.0003. This holding would rise to a worth of $2.1 million if Shiba Inu pushes further to $0.003.

The 1 billion SHIB investment portfolio, currently worth $25,370, represents a much larger bag. As a result, this investment would benefit the most from a Shiba Inu price surge. A SHIB rise to $0.0003 would bring the worth of these tokens to $300,000, with a surge to $0.003 pushing their value to $3 million.

Could SHIB Reach $0.0003 and $0.003?

While the prospect of seeing much larger returns can be enticing, the question remains: can Shiba Inu reach these targets? SHIB would need to soar 1,082% from its current price to hit $0.0003 and by 11,724% to clinch the $0.003 price target.

With these goals regarded as purely ambitious, crypto platform Changelly believes SHIB could reach $0.0003 in August 2030, with a maximum price of $0.000339 that month. Moreover, the platform sees Shiba Inu reaching $0.003 in February 2040.

However, the analytics platform Telegaon is more bullish on Shiba Inu. It expects SHIb to reach $0.0003 in 2028 and then clinch the ambitious $0.003 price territory between 2035 and 2040.

Out With The Old, In With The New: Meme Coin Lovers Hope To Run It Back With Rebel Satoshi Like With BONK And DOGE

Esra Zuhal
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Out With The Old, In With The New: Meme Coin Lovers Hope To Run It Back With Rebel Satoshi Like With BONK And DOGE
  • BONK has gained 126% thus far in 2024, and more gains are coming soon.
  • Dogecoin has climbed 93% in 2024, and experts foresee more growth by year’s end.
  • Rebel Satoshi continues attracting investors after Uniswap and Coinstore listed $RBLZ. 

The competition among meme coins has intensified, with top altcoins like BONK and Dogecoin (DOGE) performing superbly thus far in 2024. However, Rebel Satoshi, an emerging meme coin, has become the go-to crypto for savvy investors after its $RBLZ token raised over $2.5 million during its public presale!

Why are meme coin lovers shifting from BONK and Dogecoin to $RBLZ? Let’s find out!

BONK Has Spiked 126% in 2024: Will Bulls Persist?

BONK has performed incredibly well thus far in 2024. On January 1, BONK was trading at around $0.00001335. After trading around this range for days, BONK jumped as high as $0.00001769 on January 10. These gains came due to a bullish sentiment that emerged after the SEC approved 11 spot Bitcoin ETFs.

However, the buzz about this news dwindled quickly, and BONK plunged as low as $0.00000987. BONK took a positive turn on February 10 after ArmadaFi introduced the BONKrewards program. This development and an overall bullish sentiment in the crypto market towards the end of February triggered a bull run.

By March, BONK had soared as high as $0.00003471 before stabilizing at around $0.00003019. This price means BONK has gained 126.14% since the start of the year. Moreover, experts believe the meme coin frenzy will see BONK pump further to close the year at $0.00004800. This forecast makes BONK a good crypto to buy!

Dogecoin Has Gained 93% in 2024: What’s Coming Next?

Dogecoin has performed exemplarily since the start of the year. On January 1, DOGE was hovering around $0.089. DOGE traded range-bound until a bearish force in the broader crypto market forced DOGE to trade as low as $0.076 in January. In a major announcement, Japanese crypto exchange Bitflyer listed DOGE on February 27.

Additionally, Dogecoin rolled out version 1.14.7 on February 28. This news saw DOGE breach the $0.100 level, a development that spurred a massive rally. By March, DOGE had jumped as high as $0.205 before stabilizing at around $0.172. This price means DOGE has gained 93.26% thus far in 2024. 

Based on this performance, is Dogecoin a top crypto to buy? According to experts, DOGE will climb to $0.360 by year’s end. Experts peg this prediction on DOGE getting more adoption due to the doginals protocol, which enables data inscription on the Dogecoin blockchain.

Rebel Satoshi Gains Investor Confidence After $RBLZ Launched on Uniswap!

Rebel Satoshi, a new meme coin project, has astonished investors and experts after showcasing the potential to topple top crypto coins. Specifically, Rebel Satoshi secured over $2.5 million in funding after completing the public presale of its governance and membership token, dubbed $RBLZ, on February 29.

Notably, Rebel Satoshi’s promise lies in its dual-token ecosystem. The second token in the Rebel Satoshi ecosystem is dubbed $RECQ. $RECQ is Rebel Satoshi’s utility token, and it supports all transactions. These include paying fees, buying merch, and rewarding investors. $RECQ is currently in the Early Bird Stage of its presale.

By March, $RBLZ had already offered the Early Bird Round investors of its presale a 150% ROI. Moreover, $RBLZ had launched on two leading exchanges. These are Uniswap DEX and Coinstore CEX. According to experts, these listings will expose $RBLZ to more investors.

Per experts, this widespread exposure will propel $RBLZ to the moon. This forecast makes $RBLZ the best crypto to invest in now!

For the latest updates and more information, be sure to visit the official Rebel Satoshi Website or contact Rebel Red via Telegram

Disclaimer: This article is provided by the Client. The Client is solely responsible for this page’s content, quality, accuracy, products, advertising, or other materials. Readers should conduct their own research before taking any actions related to the material available on this page. The Crypto Basic is not responsible for the accuracy of info and any damage or loss caused or alleged to be caused by the use of or reliance on any content, goods, or services mentioned in this article.

Please note that The Crypto Basic does not endorse or support any content or product on this page. We strongly advise readers to conduct their own research before acting on any information presented here and assume full responsibility for their decisions. This article should not be considered investment advice.

Data Shows Despite Drop from $0.000045, Shiba Inu Outperforms BTC and ETH Year-to-Date

Sam Wisdom Raphael
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Data Shows Despite Drop from $0.000045, Shiba Inu Outperforms BTC and ETH Year-to-Date

Market data confirms that Shiba Inu (SHIB) has recorded one of the biggest surges this year, outperforming the market kings Bitcoin (BTC) and Ethereum (ETH) year-to-date.

Investors have primarily focused on Bitcoin amid the market uptrend due to its sustained rally and position as the largest crypto asset. Ethereum has also commanded considerable attention, with most other altcoins relegated to the background.

Bitcoin and Ethereum up 67% and 68% YTD

However, data shows Shiba Inu has actually performed much better than these two assets despite not receiving as much attention. Bitcoin has breached its previous all-time high, sailing into price discovery territory, as it breaks multiple resistance points above $70,000.

Nonetheless, despite recording new all-time high prices, Bitcoin has not been the best performer on the year-to-date timeframe. Notably, BTC began the year at a price of $42,283. The asset has surged to its current price of $70,696, marking a 67% increase this year.

Similarly, Ethereum, which began the year at $2,281, has recorded an impressive price performance, soaring above several resistance levels to trade at $3,844 as of press time. At this current price, ETH has slightly outperformed BTC this year, having increased by 68.5% year-to-date.

Shiba Inu Outperforms with 209% YTD Surge

Interestingly, Shiba Inu appears to have performed much better than both assets this year. SHIB changed hands at $0.00001036 at the start of this year, looking to solidify its position above the $0.00001 level. The asset now trades for $0.00003203, representing a massive 209% spike year-to-date.

This shows that, while Shiba Inu has not received as much accolades as Bitcoin or Ethereum for its price run, the crypto asset has performed better than both assets this year. Notably, Shiba Inu’s upsurge this year came up within a short timeframe from Feb. 26 to March 5.

The cryptocurrency initially surged to a 27-month high of $0.00004567, which marked a 340% YTD gain. However, SHIB has since collapsed from this high, correcting some of the gains of the previous uptrend. Despite the correction, the asset still sees bigger gains than Bitcoin.

One of the major reasons why Shiba Inu has not garnered as much spotlight for its performance is due to the fact that it is still 176% away from reclaiming its 2021 ATH, while Bitcoin has breached its previous bull peak and continued to create new highs.

Nonetheless, market analysts have cited this as a major reason to anticipate more substantial price surges, as it indicates that Shiba Inu still has more room for growth. As a result, price projections predicting rallies to the $0.01 territory have materialized. 

Ripple Dumped 240,000,0000 XRP Amid 17% Price Crash

Abdulkarim Abdulwahab
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Ripple Dumped 240,000,0000 XRP Amid 17% Price Crash

Leading crypto payment firm Ripple has unloaded a staggering 240 million XRP from its March escrow unlock, coinciding with a period of price collapse.

Ripple Dumping 240M XRP

Data from XRPScan, a leading XRPL explorer, shows that Ripple has commenced selling XRP tokens for March. The first sale came on March 5, when the company’s wallet, identified as “Ripple 1,” moved 100 million XRP tokens to an untagged address.

At XRP’s market value of $0.6305, the transaction was worth $63 million. Meanwhile, Ripple’s most recent XRP sale on Wednesday has a more considerable monetary value.

Specifically, on March 13, Ripple transferred 140 million XRP, valued at over $94.5 million, to an external address. These two transactions suggest the payment firm dumped over $157 million in XRP in under two weeks.

Ripple XRP Sales
Ripple XRP Sales | XRPScan

XRP Price Took Impact

Notably, XRP’s market value exhibited volatility on the days these Ripple sales took place. For example, on March 15, XRP tanked by over 17% from a high of $0.6685 to a low of $0.5502. Similarly, on Wednesday, XRP crashed from the $0.7 threshold to $0.6727 amid Ripple sales.

XRP Chart TradingView
XRP Chart TradingView

However, XRP has recovered from the price collapse to an extent, reclaiming the $0.60 and $0.61 price territories as of press time. The crypto asset now trades for $0.6133.

Some members of the XRP community continue to attribute XRP’s longstanding unsavory performance to the inflationary pressure from Ripple’s monthly escrow unlock and the sales that follow.

Ripple’s XRP Escrow Execution

Notably, the 240 million XRP Ripple liquidated thus far stemmed from the firm’s March escrow.  As previously reported by The Crypto Basic, Ripple again diverged from the anticipated release of 1 billion XRP scheduled for the beginning of the month.

Specifically, Ripple unlocked only 500 million XRP from its escrow wallets. The second transaction, encountered a failure. Despite releasing only 500 million XRP this month, Ripple has replenished the escrow service with 800 million tokens, as customary.

Interestingly, this occurrence is not unprecedented. In February, Ripple successfully released 600 million XRP from escrow but the other half with 400 million tokens failed.

Nonetheless, the payment firm persisted in completing the month’s escrow execution by unlocking 400 million XRP on February 25. In parallel, the crypto community could witness another escrow release later this month, similar to February.

Expert Establishes Connection Between Shiba Inu and Ethereum

Abdulkarim Abdulwahab
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Expert Establishes Connection Between Shiba Inu and Ethereum

A notable figure in the Shiba Inu community has established a connection between SHIB and Ethereum.

In a recent post on X, acclaimed crypto expert Del Crxpto attempted to forge a link between Shiba Inu and Ethereum, drawing on the co-founders of both projects.

Specifically, Del Crxpto recounted when Ethereum co-founder Vitalik Buterin donated multi-billion dollar worth of Shiba Inu to a COVID-19 relief effort. Del Crxpto claimed Shiba Inu ecosystem lead, Shytoshi Kusama, transferred the tokens to Buterin.

Ethereum and Shiba Inu Connection

Interestingly, the COVID-19 relief initiative concerned Crypto Relief India, a crypto-based humanitarian endeavor.

The foundation received a staggering $1.5 billion in Shiba Inu from Vitalik Buterin to finance its COVID-19 relief effort. Accordingly, Crypto Relief India liquidated a portion of the Shiba Inu donation to raise $460 million. 

In a separate development last year, Buterin contributed over $150,000 to a wallet endorsed by Shiba Inu’s leader. The fund was directed towards aiding victims of earthquakes in Turkey. Moreover, the SHIB Army contributed to a charitable initiative Buterin established in response to the global pandemic.

Considering these developments, Del Crxpto prompted the SHIB Army to recollect how the broader community initially perceived the interaction between Kusama and Buterin as a mere coincidence. 

In parallel, he emphasized that nobody should be taken aback by what the future holds for SHIB, asserting that “the signs were always there.” In reaction, another Shiba Inu enthusiast echoed a similar sentiment, speculating:

“Vitalik knows who created SHIB for sure—the OG pic with ‘supposedly’ Shytoshi. Then, magically, billions were sent to his wallet. Like, how did they know that address…”

Essentially, these voices sought to establish that Vitalik Buterin has more profound relationships with the Shiba Inu ecosystem than the public knows, suggesting SHIB is bound to follow ETH’s success.

Significantly, in 2021, the Ethereum founder reportedly destroyed 90% of his Shiba Inu tokens, valued at over $6.5 billion, compounding the asset’s growth. Buterin further pledged to contribute his remaining Shiba Inu tokens to charity causes.

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