Shiba Inu made a historical move in the crypto space. There are 3.4 trillion tokens transferred by an unknown wallet.
- SHIB’s lead developer revealed that the layer-2 network could see the light of day.
- 1.4 billion SHIB tokens were burned in a single transaction by whales.
The transaction is a historic move in the crypto space for the memecoin. According to IntoTheBlock, the total transaction of SHIB for the past week has reached $175 M. This transaction raises the question of whether it might be an internal transaction made by a crypto exchange among its internal addresses. Significantly, this mysterious transaction has created an impact on the industry.
Shiba Inu Team Working on Secret Project
After the massive transaction, SHIB’s leading developer, Shytoshi Kusama, stated that the Shibarium layer-2 network could see the light of day in two or four months. The statement brings relief to the users, as the launch has seen several delays. He also revealed that the team is working on UI design for some secret projects.
At the time of writing, the trading price of SHIB is around $0.00001095, with a decrease of 5.22%. In the last 24 hours, the trading volume of the coin is $278,223,092, which inclined by 18.52%, according to CoinMarketCap.