1.7 Trillion Shiba Inu Crypto Added By Whales Amid BSC Hack

Shiba Inu crypto Ecosystem dropped its most anticipated Shiba Eternity, a CCG game amid the volatile market conditions. However, on the official download day (October 6) the building anticipation failed to pump the Shiba Inu prices.

Shiba Inu crypto to surge?

Meanwhile, after the launch of SHIB’s official game Shiba Eternity, a whale wallet has shown a huge interest in the meme token.

According to the Whalestats, a whale wallet added around $19.39 million worth of Shiba Inu crypto amid the price drop. The whale added 1.7 trillion SHIB tokens in a single transaction to its wallet. Data states that this whale accumulation was done from the Huobi Crypto exchange.

It should be noted that whale’s this move has landed amid the recent Shiba Inu crypto price drop. However, the global crypto market cap dropped by another 2% over the past day. It now stands at around $954 billion.

However, this recent decline is caused by another crypto exploit which took the industry by a shock. As per reports, the Binance Bridge hack incident led to the BSC network being suspended for long hours. BSC mentioned that approx $100 million to $110 million were thought to be taken off the chain. Meanwhile, around $7 million were being frozen by the Binance team initially.

SHIB price still on a decline

However, Shiba Inu crypto prices have dropped by 3% in the last 24 hours. This decline is registered after the launch of its official game. SHIB is trading at an average price of $0.000011, at the press time. It is still holding a market cap of around $6.12 billion amid volatile market conditions.

Earlier, WhaleStats reported that on October 6, 2022, two whales shifted around 2.1 trillion Shiba Inu crypto for their wallets to Coinbase. These transactions’ cumulative worth stands at around $24.3 million. Meanwhile, these transactions were done on the official download day of the Shiba Inu game.

Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]

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