An important development has come to the fore in the crypto money world. Whale Alert, a blockchain tracking platform, reported on July 20 that 2.4 trillion Shiba Inu (SHIB) was transferred from BinanceUS to an unknown wallet. This move comes amid rising anticipation for the Shibarium mainnet, which is expected to launch in August along with Worldpaper. Here are the details…
2.4 trillion SHIB in action
The transferred SHIB tokens are estimated to be worth approximately $18.77 million at current market prices. This massive token move has caught the attention of the Shiba Inu community. Many people think this may be linked to the imminent release of Shibarium. cryptocoin.com As we have reported, the Shiba Inu ecosystem announced that it will be the title sponsor of the Blockchain Futurist Conference, as well as the official hosting of the ETHToronto and ETHWomen hackathons to be held in Canada next month. This adds to the excitement even more.
🚨 2,416,836,656,676 #SHIB (18,771,570 USD) transferred from #BinanceUS to unknown wallethttps://t.co/8ujqIZ5C5i
— Whale Alert (@whale_alert) July 19, 2023
Specifically, Shiba Inu lead developer Shytoshi Kusama hinted at the upcoming Shibarium launch. This has further fueled the recent rise in whale accumulation. The community considers the introduction of Shibarium to be an important milestone for the project. He also believes that he has already shown significant potential. The “PuppyNet” of the Shibarium mainnet has already logged over 30 million transactions. Thus, it pointed to intense interest and use.
What does the data show?
To examine the details of the last transfer, Etherscan data showed that BinanceUS has moved a significant number of tokens from BinanceUS 2 wallet to a new address 0x058A in the past two days. There are speculations that this new address may belong to the crypto exchange itself. However, further disclosure is required to confirm ownership. As of now, there are 69 tokens worth $72.62 million at this mysterious address. SHIB and BONE prices have increased significantly in response to news of the Shiba Inu ecosystem’s participation in high-profile events such as the Blockchain Futurist Conference and ETH hackathons.
SHIB is currently trading at $0.0000077. It has moved between $0.00000766 and $0.00000780 with minor fluctuations in the last 24 hours. By contrast, Shibarium’s gas token Bone ShibaSwap (BONE) has experienced an impressive 3 percent increase. The coin reached $1.29. The token’s 24-hour trading range has a low of $1.22 and a high of $1.29. This indicates significant trading activity and investor interest. Industry experts praised the Shiba Inu project for the upcoming launch of Shibarium. This potential development has attracted the attention of both individual and institutional investors. Thus contributed to the recent increase in SHIB and BONE prices.
