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Crypto Whale Moves Over $25M Worth Of Shiba Inu Tokens

Shibacals bring digital assets to life as scaling solution Shibarium sees over a million transactions.

The blockchain-tracking service Whale Alert reported on Saturday about a large Shiba Inu (CRYPTO: SHIB) transaction in which an unknown crypto whale moved more than 3 trillion SHIB tokens.

“A whale moved a total of 3,811,233,843,288 SHIB worth about $25.6 million from one unknown wallet to another unknown wallet,” said a Whale Alert. 

3,811,233,843,288 #SHIB (25,596,246 USD) transferred from unknown wallet to unknown wallethttps://t.co/BxyIPoDq9J

— Whale Alert (@whale_alert) June 16, 2023

The sender paid a little over $1 to process the immense Shiba Inu transaction.

One of the recent developments in the Shiba Inu ecosystem is the emergence of Shibacals, an In-Real-Life (IRL) feature that enables community members to convert their SHIB-themed NFTs into tangible objects like toys or plushies. 

This development brings digital assets into the physical realm, providing a new dimension of engagement for Shiba Inu enthusiasts.

GettyImages-1258379880 (1).jpg
In this photo illustration a Shiba Inu coin logo is seen displayed on a smartphone screen. A Whale Alert reported about a large Shiba Inu transaction in which an unknown crypto whale moved more than 3 Trillion SHIB tokens(Photo by Nikolas Kokovlis/NurPhoto via Getty Images)

“Shibacals could positively impact the SHIB community,” said Lucie a Shiba Inu influencer in a tweet

Hey #ShibaArmy, let’s talk about the electrifying prospect of connecting the In-Real-Life (IRL) component of the Shiba Inu Ecosystem! @shibacals ( follow them! )

Shiba Inu is not just a digital phenomenon, but a community that thrives on real-world interactions. We’re… pic.twitter.com/SOOS3QQbgg

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) June 16, 2023

 

In May, over a million SHIB addresses experienced losses in the crypto market, and more than a third of these addresses, approximately 363,670 wallets, had purchased the SHIB token within the price range of $0.000009 to $0.000014.

 

Also, In March, nearly 25 trillion SHIB worth a quarter of a billion dollars were securely moved off one of the crypto exchanges and placed in cold storage, according to new on-chain data.

SHIB’s much-hyped new layer-2 scaling solution, Shibarium, has now seen over a million transactions over Puppynet, Shibarium’s testnet. 

The PuppyScan.Shib reported that Shibarium’s beta version has 16.7 million wallet addresses and is currently experiencing 536,181 daily transactions.

At the time of writing, SHIB was trading at $0.007407, up by 12 percent in the last seven days. 

 

© 2023 Zenger News.com. Zenger News does not provide investment advice. All rights reserved.

Produced in association with Benzinga

Edited by Judy J. Rotich and Virginia Van Zandt

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