Shiba Inu is again making headlines with significant SHIB token movements, as reported by Whale Alert, a blockchain data tracking platform. Over the past 24 hours, an impressive $32.55 million worth of SHIB tokens were transferred in one remarkable transaction.
This substantial transfer was a jaw-dropping 4,534,030,677,374 (4.53 trillion) SHIB tokens, equivalent to $32,554,340 ($32.55 million). This eye-catching transaction unfolded about fifteen hours ago at the time of this report.
Etherscan.io, a popular blockchain explorer, provides data indicating that this massive transfer reduces the sender’s SHIB balance to zero. In contrast, the destination wallet now holds the entire sum received, vaulting it into the ranks of the 25th largest SHIB holder globally.
This remarkable event follows another significant whale movement: a whale moved 4,575,030,677,374 SHIB tokens valued at $31,629,474 in a single transaction on October 18.
More Updates for the Shiba Inu Community
In other developments, Shytoshi Kusama, the lead developer of Shiba Inu, has provided exciting updates for the SHIB community. In a recent Telegram chat, he shared plans to engage influential figures and top community members for the next Shiba Inu Ecosystem phase. He also suggested collaborating with platforms to boost community support and expand Shibarium.
Additionally, GroveX, a prominent cryptocurrency exchange, is integrating Shibarium into its platform. However, the team seeks direct communication with the Shibarium team to clarify specific aspects of the chain further.
These developments have had a positive impact on Shiba Inu’s price action. At the time of this report, SHIB is trading at $0.000007157. SHIB has made a 2.54% increase over the last 24 hours, with a 24-hour trading volume of $110,510,105.
As Shiba Inu continues to make waves in the crypto world, all eyes are on the community and its future developments. The crypto space eagerly anticipates what’s in store for one of the most talked-about tokens in the cryptocurrency space.