Shiba Inu

Billion

Trillion

<div class="watcher-guru"> 
 <p>Shiba Inu (SHIB) has witnessed a drop in price following the launch of the Layer 2 solution <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>. Over the past 24 hours, SHIB has dropped 7.7% and is down 10% for the week. </p> 
 <p>The declines come after the rollout of <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> saw technical difficulties and a bridge error that temporarily locked user funds. Though the <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> team resolved the issues within hours, the launch snags appeared to dampen investor enthusiasm for Shiba Inu.</p> 
 <p>Whale Alert, a service that tracks large cryptocurrency transactions, recently detected a large movement of Shiba Inu. According to Whale Alert, approximately 4.7 trillion SHIB were transferred to a previously unused wallet address.</p> 
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    <p lang="en" dir="ltr">🚨 🚨 4,712,881,590,632 #SHIB (43,285,460 USD) transferred from unknown wallet to unknown wallethttps://t.co/Umqr7S1qsg</p>— Whale Alert (@whale_alert) August 17, 2023 
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 <h2 class="wp-block-heading" id="h-new-shiba-inu-whale-with-over-4-7-trillion-shib">New Shiba Inu whale with over 4.7 trillion SHIB</h2> 
 <p>While the owner of the receiving wallet is unknown, a transaction of this size, worth over $43 million, signifies the potential emergence of a new large holder of SHIB. The massive Shiba Inu transfer could potentially also mean an exchange moving funds into a newly generated wallet address.</p> 
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 <p><a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> of recent on-chain data shows an increase in large ‘whale’ transactions of SHIB over the past week. Some large holders appear to be accumulating SHIB following the token’s price pullback after a brief rise. These conditions have presented an opportunity for discounted purchases.</p> 
 <p><strong>Also read: Shiba Inu: Shytoshi Kusama’s Shibarium Launch Hint Sparks Transfer of 33 Billion SHIB</strong></p> 
 <p>The price of SHIB is declining since the launch of the <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> Layer 2 blockchain saw technical problems. An error with the <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a>-Ethereum bridge has resulted in user funds being temporarily locked and inaccessible.</p> 
 <p>As developers work to resolve the <a rel="noopener noreferrer nofollow" title="Shibarium" href="https://thebittimes.com/tag/shibarium.html">Shibarium</a> bridge error, some Shiba Inu investors may be taking advantage of the lower SHIB prices for accumulation. However, the intentions behind the recent 4.7 trillion token transfer remain unclear.</p> 
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<div class="cs-entry__tags"> 
 <ul> 
  <li>shib</li> 
  <li>shiba inu</li> 
  <li>Shibarium</li> 
 </ul> 
</div>

Shiba Inu Investors on Edge: New Wallet Amasses 4.7 Trillion SHIB

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