Shiba Inu News: Giant Shiba Inu (SHIB) whale “0x1406” woke up after 157 days of rest to distribute 4 trillion SHIB tokens worth 8 new wallets. The whale is known as the largest holder of SHIB tokens and moves may be in response to Shiba Inu lead developer Shytoshi Kusama’s announcement on the Shibarium mainnet and the release of “Worldpaper” in August.
Shiba Inu Whale Transfers 4 Trillion SHIB Tokens
Lookonchain on July 13 revealed that a giant whale with 101.47 trillion SHIB tokens worth $756 million transferred 4 trillion SHIB worth $29.8 million to 8 new addresses. The whale has 10.15% of the total SHIB stock and the largest holder of Shiba Inu.
The whale has not made large transfers, collected SHIB tokens and distributed them to other addresses for 610 days. It is known for buying SHIB from dips.
In 2020, the whale bought 103.33 trillion SHIB Tokens with 38 ETH $14k. Then sold 603 billion SHIB for 2411 worth ETH $9.6 million and sold 1.25 trillion SHIB worth $8.77 million to crypto exchange Coinbase in 2021. Currently, the whale still contains 101.47 trillion SHIB worth $756 million across 23 portfolios.
Spot on chain noted that the whale made the last transaction 157 days ago when he bought 7,049 SHIB tokens. The main wallet “0x1406still has 6.20 trillion SHIB worth $46 million.
The news comes after Shiba Inu’s lead developer Shytoshi Kusama confirmed Worldpaper will likely release the highly anticipated L2 Shibarium at the Blockchain Futurist Conference in Toronto, Canada on August 13-17, 2023.
Also, the Shiba Inu ecosystem will have the Doggy DAO and SHIB DOGGY DAO FOUNDATION, which implements the DAO’s decisions and owns the DAO’s assets.
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SHIB and BONE prize to collect
SHIB price fell more than 1% from its 24-hour high and is currently trading at $0.00000746. The 24-hour low and high are $0.00000737 and $0.00000759, respectively.
Meanwhile, Shibarium’s gas token Bone ShibaSwap (BONE) is up 82% in a month. The community believes that the price can reach $3 after the release of Shibarium. BONE is currently trading at $1.29, up 1% in the last 24 hours. The 24-hour low and high are at $1.27 and $1.31, respectively.
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Varinder has 10 years of experience in the Fintech sector, with more than 5 years dedicated to blockchain, crypto and Web3 developments. A technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in more than 5,000 news stories, articles and newspapers. With CoinGape Media, Varinder believes in the enormous potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.
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