As the Shiba Inu Ecosystem advances, a mysterious whale seizes $35 million worth of SHIB tokens in a significant move.
Whale Alert, a leading blockchain data tracking platform, recently uncovered the emergence of a brand-new whale. This deep-pocketed investor purchased 4.46 trillion SHIB tokens, valued at $35.35 million.
According to the disclosure, the colossal acquisition occurred on the renowned Netherlands-based crypto exchange Bitvavo in a single transaction about 15 hours ago from the time of this report.
While the identity of this whale remains shrouded in mystery, the wallet swiftly ascended to prominence, now ranking as the 25th largest holder of Shiba Inu tokens worldwide.
More Shiba Inu Transfer: Details
This development marks the third significant transfer of SHIB tokens among top whales within the past seven days. Just a day ago, another enigmatic wallet executed a substantial transfer of 4.47 trillion SHIB, equivalent to $35.35 million, to an unknown wallet in a single transaction.
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In another noteworthy event on October 31, another mysterious wallet garnered attention by moving 4.52 trillion SHIB tokens, worth $36.19 million, to two undisclosed wallets.
The surge in whale activity closely correlates with the remarkable advancements in the Shiba Inu Ecosystem. As previously reported by Fxcryptonews, Shytoshi Kusama, the lead developer of Shiba Inu, unveiled a groundbreaking feature on Shibarium known as Shib Name Service (SNS), marking the first step towards building Shibidentity.
This innovative feature empowers the Shiba Inu community to “own and control their digital identities.”
Simultaneously, Welly, the real-life partner of Shiba Inu, initiated operations for its web3 restaurant on October 31, 2023.
Furthermore, Shiba Inu has formed a high-profile strategic partnership with RSTLSS, a leading creator platform. This partnership entails RSTLSS integrating the Shiba Inu blockchain, Shibarium, into its user-generated content (UGC) outlet.