Key Points:
- Whales invest $48 million in SHIB ahead of potential Shibarium launch.
- The token’s price surges amid anticipation of Shibarium and LEASH utility updates.
The market experiences fluctuations as a significant whale purchase of 4.59 trillion SHIB tokens worth $48 million occurs right before the launch of Shibarium.
The exact owner of this wallet remains uncertain, but it ranks among the top 25 largest SHIB wallets globally. This surge in whale activity is possibly connected to rumors surrounding the imminent launch of Shibarium, a layer2 solution.
Anticipation builds as speculations arise that the Shiba Inu development team might unveil Shibarium during the upcoming Futurist Blockchain Conference in Toronto on August 15-16. These rumors have notably contributed to the recent surge in SHIB’s price, which has seen a 26.9% increase over the last 30 days, currently trading at $0.00001057.
SHIB’s price rally gains further momentum with the announcement that the top developer of SHIB, Shytoshi Kusama, plans to introduce new utility for the token’s child token, LEASH. Kusama hints at revealing “exclusive” news to the SHIB community on August 15 and providing additional information about the new utility for LEASH on August 16, adding to the overall excitement within the SHIB ecosystem.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Source: https://coincu.com/210487-whales-48-million-shib-shibarium-launch/