The Shiba Inu community is buzzing with activity as nearly 10 trillion of their favorite meme coins have just been transferred. This comes right after the SHIB lead developer, known as Shytoshi Kusama, sent out messages that seemed to have stirred the SHIB followers, often called the SHIB army.
A Whale of a Movement: SHIB’s Big Transfers
Reports are of two giant Shiba Inu coin transfers, each one holding a staggering amount of over four trillion coins. These moves were spotted a few hours apart, signaling a possibly coordinated effort. The source of this information comes from Whale Alert, a service that keeps an eye on large cryptocurrency transactions.
What Did the Developer Say?
The SHIB army received words from Shytoshi Kusama through Telegram, leading to much excitement within the community. It’s interesting to note that these messages and the resulting coin movements happened as Halloween approached, with a member of the SHIB team, Lucie, extending holiday wishes to the community.
Happy Shibaween, Shibizen!
Let’s make this spooky season extra fun with a $BONE -sitively hilarious Halloween joke:
The details of the transfers are intriguing. One transfer moved 4,474,530,677,374 SHIB, and another 4,499,530,677,374 SHIB. At the time of the transfer, each was worth about $35 million. However, these movements have not nudged the Shiba Inu price, and the transfers were between anonymous wallets.
🚨 🚨 4,474,530,677,374 #SHIB (35,357,741 USD) transferred from unknown wallet to unknown wallethttps://t.co/Mqfi7J2e35
Since the introduction of Shibarium, a Layer-2 solution launched in mid-August, there’s been a noticeable spike in interest from big players, often called whales, in the second most popular meme coin. These whales have been shifting large amounts of SHIB, sometimes several trillions within a week. Interestingly, these coins often end up in brand new wallets that had no previous activity.
Expectations vs. Reality for SHIB’s Price
Before Shibarium went live, the SHIB community was filled with anticipation, expecting a significant price jump. However, the price of SHIB has stayed relatively flat, unaffected by the new platform’s launch.
As of now, SHIB is being traded at $0.00000790 on the Binance exchange against the US dollar. The market seems calm, even with these titanic coin transfers making waves behind the scenes.
Marilyn Walters
Marilyn Walters is a seasoned news journalist with over two years of experience in the field. Known for her investigative reporting and insightful analysis, Marilyn has covered significant global events with an objective lens. Her relentless pursuit of truth and dedication to journalistic integrity have established her as a respected voice in today's dynamic news landscape.
