Shiba

Bone

Bone ShibaSwap

Shiba Inu

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 <p>A deep-pocketed Shiba Inu (SHIB) trader is suddenly moving trillions of SHIB out of a Netherlands-based crypto exchange platform.</p>
 <p>New data from whale-surveying platform Whale Alert reveals that the Shiba Inu whale has shifted 4,584,530,677,374 SHIB, worth about $33 million, out of Bitvavo and into an unknown wallet.</p>
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 <p>According to Ethereum (ETH) blockchain explorer Etherscan, the transfer occurred during the early morning hours of October 5th.</p>
 <p>The movement of SHIB comes a week after the Shiba Inu development team advised investors to do their own research and be wary of suspicious actors claiming to be a part of the SHIB ecosystem.</p>
 <p>At the time, the SHIB team said that just because someone or an entity is using the name “Shibarium,” which is the name of the ecosystem’s recently launched layer-2 scaling solution, it doesn’t mean they are associated with the project.</p>
 <p>According to the SHIB team, all official partnerships would be announced either through the ecosystem’s Discord channel or official blog.</p>
 <p>Earlier in September, the SHIB ecosystem experienced rapid growth after the highly anticipated launch of Shibarium, leading to a spike in staking for Bone ShibaSwap (BONE), the digital asset used to pay the layer-2’s gas fees.</p>
 <p>At the time, data from SHIB blockchain tracker Shibariumscan found that the total number of transactions over Shibarium surpassed 2.5 million. Data from the layer-2 scaling solution revealed that over 27 million BONE was staked.</p>
 <p>SHIB is trading for $0.000007 at time of writing while BONE is moving for $0.795.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-whale-abruptly-moves-4-584-530-677-374-in-shib-here-s-where-the-crypto-s-headed-tbt65293.html">https://thebittimes.com/shiba-inu-whale-abruptly-moves-4-584-530-677-374-in-shib-here-s-where-the-crypto-s-headed-tbt65293.html</a></p>

Shiba Inu Whale Abruptly Moves 4,584,530,677,374 in SHIB – Here’s Where the Crypto’s Headed

TheBitTimes

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