Mysterious Crypto Whale Suddenly Displaces 3,312,307,240,798 Shiba Inu (SHIB) In Mind-blowing Transaction

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A deep-pocketed crypto trader suddenly moves over 3 trillion Shiba Inu (SHIB) ahead of the planned major upgrade of blockchain projects.

According to new data from whale survey platform WhaleAlert, a crypto whale has suddenly moved a staggering 3,312,307,240,798 SHIB, valued at $38,257,148 at the time of writing, from a wallet unknown to another.

Transaction fees totaled 0.000664 Ethereum (ETH) or $1.06.

The sending wallet had received approximately the same amount of SHIB 14 days earlier from another unknown wallet and currently has a zero SHIB balance, according to data from Etherscan. The unknown receiving wallet continues to hold all 3.3 trillion SHIB at the time of writing.

The meme token opened the year at $0.00000803 and reached a high of $0.0000138 on January 21, an increase of around 72%. At the time of writing, SHIB has reverted to a value of $0.0000116.

Dogecoin (DOGE) rival is currently the 15th largest crypto asset by market capitalization.

SHIB is set to undergo a major update later this year with the release of the Shibarium layer 2 blockchain.

Ledger, a leading provider of cryptocurrency hardware wallets, recently announced plans to support Shibarium, as did Trezor, another hardware wallet company.

Shibarium, which will run on top of the Ethereum blockchain, is designed to provide scalability, faster transaction times, and lower gas fees. It is also designed to make it easier for developers to build decentralized applications on the Shiba Inu blockchain.

The developers recently announced that the Shibarium blockchain will use Bone ShibaSwap (BONE) as the only token to pay gas fees.

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