Shiba Inu Now the Most Traded Token by Whales in 24hrs 

Kusama Updates Community on Sales of Shiba Inu x Tangem Hardware Wallets

In anticipation of the release of Shibarium, trillions of Shiba Inu (SHIB) are being moved. According to Whale Alert, the leading cryptocurrency whale-tracking platform, the enigmatic whale made a major transfer of 4,367,252,578,938 (4.36 trillion) SHIB, valued at $39,276,886 ($39.27 million), to an unidentified wallet. Data from shows that on August 7 at exactly 3:49:35 PM +UTC, the large transfer took place.

The action was taken shortly after the recently-emerging SHIB Whale devoured 4,412,252,578,938 (4.41 trillion) SHIB, valued at $40,416,233 ($40.41 million), in a single transaction on August 6. The increase in whale activity over the past 24 hours has made Shiba Inu the most traded token among the top 100 ETH whales.

Related Reading: Shiba Inu Community Holds Strong as SHIB Prepares for 66% Price Increase

Shiba Inu Achieves a Remarkable Milestone

As was previously reported, the number of addresses holding Shiba Inu has reached a new all-time high (ATH), which is an impressive milestone. According to recent information from IntoTheBlock, the number of SHIB holders has increased to over 3.51 million, a 22% increase in the last week. The increase from the 3.23 million registered in May to this number is astounding.

The eagerly anticipated release of the Shibarium – Layer 2 solution is driving the Shiba Inu enthusiasm to a high note. Regarding the precise debut date of Shibarium, the Shiba Inu team is mum. The Blockchain Futurist Conference 2023 is scheduled for August 15–16, 2023, although the community theorizes that the grand Shibarium premiere might take place at that time.

The conference’s anticipation is increased by the knowledge that Shytoshi Kusama, the project’s lead developer, will give a keynote address using artificial intelligence. The cherry on top is that Kusama has invited none other than self-made millionaire Elon Musk to attend the occasion.

Read Also: Analyzing the 5,586,492% Surge: What It Would Take for Shiba Inu to Reach $0.50

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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