Shiba Inu

<ul><li>A massive transfer of 4.4 trillion SHIB tokens, valued at $34.3 million, was made by an anonymous whale.</li><li>Shytoshi Kusama, the developer, issued a warning, emphasizing utility growth, cautioning against FUD, and urging community action.</li><li>The SHIB community experienced a significant surge in engagement as they burned 115.7 million SHIB tokens.</li></ul>Cryptocurrency tracking platform Whale Alert has detected a jaw-dropping transfer of meme coins, Shiba Inu (SHIB), from the Amsterdam-based crypto exchange Bitvavo. An anonymous wallet owner <a href="https://whale-alert.io/transaction/ethereum/0x6dac58bdc813ec892ac3f4f67977f8a7afc4ff5913ca94f0deb909949aa1553d" rel="noopener noreferrer nofollow">withdrew</a> an astonishing 4.4 trillion SHIB, valued at a staggering $34,314,122, to an undisclosed wallet. This significant move comes just days after Shytoshi Kusama, the lead developer of the Shiba Inu development team, issued a major <a href="https://www.binance.com/en-IN/feed/post/1301919" rel="noopener noreferrer nofollow">warning</a> to the SHIB community via social media.Whale Alert also <a href="https://cryptotale.org/massive-shiba-inu-token-transfer-sparks-excitement-and-speculation/" rel="noopener noreferrer nofollow">revealed</a> a similar transaction earlier this week, involving over <a href="https://whale-alert.io/transaction/ethereum/0xaeac60b5ed06525643316f5004142e8d0c11b305595b126d066ef7a82fd27a0f" rel="noopener noreferrer nofollow">4.47 trillion</a> SHIB from a Bitvavo wallet. Just like the previous movement, the recent movement of 4.4 trillion SHIB has raised concerns and speculation within the crypto community.Data from the <a href="https://app.intotheblock.com/register" rel="noopener noreferrer nofollow">IntoTheBlock</a> aggregator <a href="https://u.today/shiba-inu-shib-net-flows-skyrocket-by-1666-heres-implication" rel="noopener noreferrer nofollow">indicates</a> a remarkable 1,666% growth in SHIB on-chain flows this week. Large SHIB holders, known as whales, have become increasingly active, moving their coins between wallets and acquiring additional SHIB coins while prices remain relatively low. The surge in inflows suggests that large SHIB holders may currently have more tokens coming in than going out.Shytoshi Kusama, in his recent social media post, emphasized the importance of further development of burns on Shibarium and highlighted the need to increase utility growth on the blockchain. He cautioned the community against expecting miraculous burns of SHIB tokens without genuine use and utility on Shibarium.Additionally, Kusama addressed concerns about <a href="https://t.me/ShibariumTechnologies/313454" rel="noopener noreferrer nofollow">FUD</a> (Fear, Uncertainty, Doubt) spread by individuals within the crypto community, stating that such actions could deter investors, partners, and regular users from Shibarium. He called on those responsible for spreading FUD to cease their activities before causing substantial harm to the community.Read full article at<a href="https://cryptotale.org/another-massive-shib-inu-transfer-raises-eyebrows-in-crypto-community/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Another Massive SHIB Inu Transfer Raises Eyebrows in Crypto Community

CryptoTale

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