Whales Move 4.3 Trillion Shiba Inu as Shibarium Approaches

Trillions of Shiba Inu (SHIB) are moving in anticipation of the Shibarium release.

Whale Alert, the premier cryptocurrency whale-tracking platform, has reported that the mysterious whale has transferred 4,367,252,578,938 (4.36 trillion) SHIB, worth $39,276,886 ($39.27 million) to the unknown wallet in one significant transaction. Per Etherscan.io data, the massive transfer occurred precisely at 03:49:35 PM +UTC on August 7^th.

🚨 🚨 4,367,252,578,938 #SHIB (39,276,886 USD) transferred from unknown wallet to unknown wallethttps://t.co/Xw9scQi5xg

— Whale Alert (@whale_alert) August 7, 2023

The move comes soon after the newly-emerged SHIB Whale gobbled up 4,412,252,578,938 (4.41 trillion) SHIB, worth $40,416,233 ($40.41 million) in a single transaction on August 6^th.

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The surge in whale activity has propelled Shiba Inu to become the most traded token among the top 100 ETH whales over the past 24 hours.

As reported earlier by The Crypto Basic, Shiba Inu has achieved a remarkable milestone, reaching a new all-time high (ATH) in terms of the number of addresses holding it. Recent data from IntoTheBlock reveals that the tally of SHIB holders has surged to over 3.51 million, marking a 22% surge in the past week. This figure is a remarkable leap from the 3.23 million recorded in May.

The Shiba Inu frenzy is reaching a fever pitch, driven by the impending launch of the much-awaited Shibarium – Layer 2 solution. The Shiba Inu team remains tight-lipped about the exact launch date of Shibarium. However, the community speculates that the grand Shibarium debut could occur during the upcoming Blockchain Futurist Conference 2023, slated for August 15^th and 16^th.

The excitement surrounding the conference is heightened by the news that Shytoshi Kusama, the lead developer of SHIB, is set to deliver a keynote speech through AI technology. The icing on the cake is that Kusama has extended an invitation to none other than billionaire Elon Musk to grace the event with his presence.