Whales Move Millions of SHIB and Pepe Coin: Shiba Inu Ecosystem Expands
- Shams Ul Zoha
- July 17, 2023
- 1:24 pm
WHAT YOU SHOULD KNOW
- A whale transferred 4,113,777,233,445 SHIB, valued at $32.86 million, between two unknown wallets.
- Shiba Inu enthusiasts now have the opportunity to convert their Shiba Inu-themed NFTs into physical objects such as toys or plushies through the Shibacals feature, bridging the gap between digital and physical assets.
- Shibarium, the new layer-2 scaling solution for Shiba Inu, has recorded over a million transactions on its testnet, Puppynet, showcasing the increasing adoption and usage of the network.
In a significant transaction reported by Whale Alert, a wealthy investor moved a massive amount of SHIB, totaling 4,113,777,233,445 tokens worth $32.86 million, from an undisclosed wallet to another unknown wallet. During this time, the price of SHIB had experienced a 5% increase over the past seven days, reaching $0.000008054.
The Shiba Inu ecosystem has recently introduced a new feature called Shibacals, which allows community members to convert their Shiba Inu-themed NFTs into physical objects such as toys or plushies. This development brings digital assets into the real world, providing Shiba Inu enthusiasts with a unique engagement opportunity.
Shiba Inu’s highly anticipated layer-2 scaling solution, Shibarium, has achieved a significant milestone with over a million transactions conducted on its testnet, Puppynet. This demonstrates the growing adoption and utilization of Shibarium’s innovative scaling capabilities.
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