Whales Shift 49 Billion SHIB as Shibarium Hits New All-Time High

Whales Shift 49 Billion SHIB as Shibarium Hits New All-Time High

Major SHIB holders have transacted staggering amount of Shiba Inu – tens of billions of SHIB within past couple of hours.

Key Points

  • Major SHIB holders transact tens of billions of SHIB in a short time, moving tokens between wallets and exchanges.
  • Nearly 50 billion SHIB transferred, including 9 billion to Bybit, 1 billion to KuCoin, and 2.4 billion to Binance.
  • Shibarium’s beta Puppynet hits a new transaction milestone with over 32 million SHIB transactions, gearing up for its mainnet launch after Aug. 16.
  • SHIB’s pseudonymous leader, Shytoshi Kusama, to give a live speech at the Blockchain Futurist Conference, concealing identity with an AI-based app.

According to Etherscan, over the past few hours, several cryptocurrency whales have transferred nearly 50 billion Shiba Inu canine-themed tokens. This included both withdrawals from crypto exchanges, transfers to exchanges and movements of SHIB between whales’ wallet addresses.

Whales transfer nearly 50 billion SHIB

Eighteen transactions, from which the largest one carried more than nine billion of Shiba Inu — 9,571,054,391 SHIB were moved to a hot wallet of the Bybit exchange.

One billion SHIB were also moved to KuCoin, and 2.4 billion Shiba Inu were sent to the Binance exchange.

Image via Etherscan

A few billion SHIB were withdrawn from crypto exchanges, and the rest of the 28.7 billion meme coins was moved between unknown wallet addresses, in accordance with the Etherscan data.

Shibarium passes new utility milestone

Meanwhile, the Shibarium beta Puppynet has managed to achieve a new historic peak related to the transaction count. This metric has added another million SHIB transactions and now stands at 32,334,726, getting to that level within just a few days after hitting 31,000,000.

The chart on Puppyscan shows a peak of 279,814 transfers that occurred on July 11. The number of blocks mined on Puppynet equals 1,839,739, while the count of wallets connected to the network constitutes 17,062,576.

The Shibarium mainnet is expected to kick off after Aug. 16, when the Blockchain Futurist Conference in Toronto ends. SHIB is one of the sponsors of this major annual event in the crypto space. Besides, this year, the pseudonymous leader of this meme coin team, known as Shytoshi Kusama, is going to give a live speech at the conference, using an AI-based app to conceal his real identity.