A mysterious whale has transferred 4.36 trillion SHIB tokens, worth $39.27 million, to an unknown wallet. The massive transaction, which was reported by Whale Alert, and occurred on August 7th, is the latest sign of growing investors’ interest in Shiba Inu ahead of the upcoming launch of Shibarium.
— Whale Alert (@whale_alert) August 7, 2023
Shibarium is a layer-2 solution that is being developed by the Shiba Inu team. It is designed to reduce gas fees and improve transaction speeds. The launch of Shibarium is expected to be a major catalyst for SHIB, and it is no surprise that whales are accumulating the token in anticipation of the event.
In addition to the whale accumulation, SHIB has also seen a surge in the number of addresses holding the token. According to data from IntoTheBlock, the number of SHIB holders has surged to over 3.51 million, marking a 22% increase in the past week. This is a remarkable milestone for SHIB, and it suggests that the token is gaining wider adoption among investors.
The excitement surrounding SHIB is further fueled by the upcoming Blockchain Futurist Conference 2023. The conference, which is scheduled to take place on August 15th and 16th, will feature a keynote speech from Shytoshi Kusama, the lead developer of SHIB. Kusama is expected to provide updates on the development of the Shibarium and other upcoming projects for the Shiba Inu ecosystem.
The conference will also feature a special invitation from Kusama to billionaire Elon Musk. Musk is a well-known supporter of cryptocurrencies, and his presence at the conference would be a major coup for the Shiba Inu community.
With all of this positive news surrounding SHIB, it is clear that the token is poised for a major rally in the coming months. The launch of Shibarium is expected to be a major catalyst for SHIB, and it is possible that the token could reach new all-time highs in the near future.
- Mysterious whale transfers 4.36 trillion SHIB worth $39.27 million
- SHIB becomes the most traded token among the top 100 ETH whales
- SHIB addresses surge to a new all-time high of 3.51 million
- Shibarium launch date is rumored to be during Blockchain Futurist Conference
- Lead developer Shytoshi Kusama to deliver a keynote speech
- Elon Musk invited to attend the conference