Kusama

Bone ShibaSwap

Shiba Inu

Bone

Trillion

<ul> 
 <li><strong>There may be a connection to the Shibarium validator.</strong></li> 
 <li><strong>Similar SHIB transfers and purchases to “0x95B5” have been seen for over a month.</strong></li> 
</ul> 
<p>On Tuesday, whale monitoring service <a href="https://whale-alert.io/" target="_blank" rel="noopener noreferrer nofollow">Whale Alert</a> revealed that a whale had transferred 4.6 trillion SHIB tokens worth around $38.35M from an unknown wallet to another unknown wallet. After lead developer Shytoshi Kusama launched the long-awaited L2 Shibarium mainnet last week, the chain saw an enormous load and entered fail-safe mode.</p> 
<p>After two days of testing and fine-tuning settings, Shibarium is almost ready to reopen to the public, as revealed by <a href="https://thenewscrypto.com/blockchain-news-shytoshi-kusama-provides-key-update-on-scalability-of-shibarium/" target="_blank" rel="noopener noreferrer nofollow">Shytoshi Kusama</a> today. It has been upgraded with a new monitoring system and other fail-safe mechanisms, such as rate limitation on the RPC level and an automatic server reset.</p> 
<h3 class="wp-block-heading" id="h-connection-to-shibarium-validator">Connection to Shibarium Validator</h3> 
<p>Furthermore, new validators are coming online on the network, boosting security and opening the door for greater BONE token staking. According to an examination of recent Etherscan transactions, almost 4.6 trillion <a href="https://thenewscrypto.com/shiba-inu-shib-and-pepe-pepe-holders-begin-migrating-to-the-pomerdoge-pomd-presale-after-recent-surge/" rel="noopener noreferrer nofollow">SHIB</a> tokens have recently been transferred between accounts that are either connected or conducted by the same person.</p> 
<div align="center"> 
 <blockquote class="twitter-tweet"> 
  <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 4,627,778,173,637 <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#SHIB</a> (36,952,808 USD) transferred from unknown wallet to unknown wallet<a href="https://t.co/Q61yBD92n6" target="_blank" rel="noopener noreferrer nofollow">https://t.co/Q61yBD92n6</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1693927383798071535?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 22, 2023</a> 
 </blockquote> 
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
</div> 
<p>Similar SHIB transfers and purchases to “0x95B5” have been seen for over a month. There may also be a connection to the Shibarium validator if the transaction involves a token for the mainnet validator. A minimum of 10,000 BONE tokens must be locked in order for a user to qualify as a validator.</p> 
<p>As the Shiba Inu development team continues to test and analyze the Shibarium chain, the price of Shiba Inu and Bone ShibaSwap fluctuates widely. At the time of writing SHIB is trading at $0.000007919 and is down 0.42% in the last 24 hours as per data from <a href="http://coinmarketcap.com" target="_blank" rel="noopener noreferrer nofollow">CMC</a>.</p> 
<p><strong>Highlighted Crypto News Today:</strong></p> 
<p><a href="https://thenewscrypto.com/hedera-shines-with-updates-partnerships-amidst-market-downturn/" target="_blank" rel="noopener noreferrer nofollow">Hedera Shines With Updates &amp; Partnerships Amidst Market Downturn</a></p>

Whale Alert: 4.6 Trillion SHIB Tokens Worth $38.35M Moved

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