A mysterious whale has accumulated a large number of Shiba Inu (SHIB), and a crypto project is preparing a major ecosystem update.
The whale in question is Added 384,570,786,965 SHIB worth $5.05 million in the last 10 days and now holds a grand total of 19,420,099,565,898 SHIB worth $255.56.
Whales received a new SHIB treasury in a series of four trades.
- 205,555,605,147 Shib Inu (SHIB) worth $2,703,056 sent from unknown wallet to unknown wallet
- 12,181,709,185 Shib Inu (SHIB) worth $160,189 sent from unknown wallet to unknown wallet
- $77,688,299,046 Shibu Dog (SHIB) worth $1,022,378 sent from unknown wallet to unknown wallet
- 89,139,506,219 Shib Inu (SHIB) $1,173,075 worth sent from unknown wallet to unknown wallet
Shiba Inu is one of the most widely held altcoins among Ethereum whales.
According to WhaleStats, SHIB is currently the fourth most-held crypto asset among the 100 largest Ethereum whales in existence, behind ETH and stablecoins USD Coin (USDC) and Tether (USDT). .
The accumulation of whales comes with the impending launch of Shiba Inu’s layer-2 blockchain Shibarium.
This protocol is similar to scaling solutions such as Polygon (MATIC) and allows developers to build scalable dapps with custom tokens that can trade gas using the virtual currency Bone ShibaSwap (BONE).
The beta launch of the protocol is scheduled for next week.
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