Mysterious Crypto Whale Suddenly Moves 3,373,256,285,484 Shiba Inu (SHIB) In One Massive Transaction

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A Crypto Whale Suddenly Moves Over $28.7 Million to Shiba Inu (SHIB) as the Network Set to Undergo a Layer 2 Upgrade Soon.

According to blockchain tracker and whale survey platform Whale Alert, an unknown wallet sent over 3.37 trillion SHIB to another unknown wallet.

There was a gas fee for the transaction of 0.00179 Ethereum (ETH), worth around $2.46.

At the time of writing, the sending wallet has a zero SHIB balance while the receiving wallet holds the full amount sent, according to data from Etherscan.

At the time of writing, SHIB is changing hands at $0.00000853.

The Shibarium project is the soon to be launched layer 2 blockchain for the Shiba Inu network. Layer 2 blockchain is a scaling solution to address the low transaction speed of the Shiba Inus Ethereum host chain. Shibarium recently selected Bone ShibaSwap (BONE) for its utility token to be used for blockchain transaction fees and other activities. BONE also allows users to vote on upcoming proposals.

The launch date of the Shibarium project remains uncertain, but it is expected this year. The pseudonymous developer known as Shytoshi Kusama said last month that Shibarium should be coming very soon.

Additionally, Shiba Inu could see an increase in value with the planned introduction of new features including SHIB token burning.

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