Shiba Inu News: According to Whale Alert, 2.4 trillion Shiba Inu (SHIB) Tokens have been moved from BinanceUS to an unknown wallet. Shiba Inu witnessed an increase in whale accumulation after lead developer Shytoshi Kusama announced the possibility of releasing the highly anticipated Shibarium mainnet in August along with Worldpaper.

Shiba Inu Whale Moves 2.4 Trillion SHIB Tokens

Whale alarm reported the transfer of 2,416,836,656,676 SHIB tokens worth $18.77 million BinanceUS to an unknown wallet on July 20.

Etherscan data revealed that BinanceUS moved many tokens from the BinanceUS 2 wallet to a new wallet address 0x058A in the past two days. Thus, the wallet address could possibly belong to the crypto exchange. The wallet address has 69 tokens worth $72.62 million.

Several members of the Shiba Inu community noticed the massive transfer of SHIB tokens from BinanceUS, believing the transfer is related to the launch of Shibarium next month.

SHIB and BONE prices rise in anticipation of Shibarium launch

Shiba Inu and Shibarium’s gas token BONE prices started to rise following the news of the Shiba Inu ecosystem as the title sponsor of the Blockchain Futurist Conference and official hackathons ETHToronto and ETHWomen to be held in Canada in August where the team is likely to release Shibarium.

In addition, Shiba Inu whale transactions are up in anticipation of the launch of Layer-2 blockchain Shibarium next month. Also, the Shibarium mainnet “PuppyNet” has surpassed 30 million transactions.

SHIB price is currently trading at $0.0000077 and has been moving sideways for the past 24 hours. The 24-hour low and high are $0.00000766 and $0.00000780, respectively.

Meanwhile, Shibarium’s gas token Bone ShibaSwap (BONE) is currently trading 3% higher at $1.27. The 24-hour low and high are $1.22 and $1.29, 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.

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication is not responsible for your personal financial loss.

This post New Whale Takes 2.4 Trillion SHIB From BinanceUS? Price to jump?

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