Nearly trillion SHIBs have been transferred by whales en masse, according to Etherscan.
According to details provided by Etherscan, in the last 24 hours a staggering 766 billion shiba inus were transferred by anonymous whales.
More than half of this amount was simply transferred between the wallets of a large holder. The rest of this massive amount of SHIB was partly moved to a cold wallet and partly sold.
Nearly 800 billion SHIBs on the move
Three staggering amounts of SHIB, totaling 776 billion, carried 485,794,498,147, 100,099,682,471 and 190,000,000,000 pieces of Shiba Inu.
— ShibaPlay (@shibaplay_) November 7, 2022
The global equivalent of the amount transferred from SHIB is $9,343,040 at the current SHIB/USD exchange rate.
Etherscan details show the largest transfer was made by the exchange Binancewho transferred 485 billion SHIB from one of its wallets to another.
A total of 100,099,682,471 were purchased on Binance and then transferred to a cold wallet by the whale that purchased them. 190,000,000,000 SHIB was sent to the Crypto.com exchange to be sold, according to Etherscan.
— ShibaPlay (@shibaplay_) November 6, 2022
In the past 24 hours, the second largest crypto meme Shiba Inu has fallen 4.45%, trading at $0.00001203, according to CoinMarketCap at the time of writing.
Shibarium Expectations Rise
On November 5, an official Twitter account for the protocol Shibarium Layer 2 was started by the Shiba Inu account. It already has 24,500 followers after its recent launch. The SHIB team said this profile will eventually become a hub for all things Shibarium.
As for Shibarium’s approximate release date, lead SHIB developer Shytoshi Kusama remains silent, merely posting, “soon” in response to questions asked about it from time to time.
At the same time, SHIB’s burn rate made a staggering 5,800% jump on Sunday.
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