As dog-themed crypto assets prepare to unveil their new metaverse at SXSW, crypto whales are suddenly moving trillions of Shiba Inu (SHIB) tokens.
A staggering 3,323,256,285,484 SHIB worth $30.48 million at the time of writing, according to whale research platform Whale Alert forwarded From an unknown wallet to another wallet.
The move does not appear to be tied to buying or selling popular memecoins, as the addresses involved in the transaction are not linked to any known crypto exchanges.
The token change was made in the midst of a series of announcements from the Shiba Inu team.Developer say They’ll be debuting the new Metaverse at the 2023 SXSW Music and Film Festival in Austin, Texas.
The showcase will take a virtual reality tour of WAGMI Temple, one of 11 hubs in Shiba Inu’s metaverse, showing the history of Dogecoin (DOGE) competitors.
Immersing yourself in WAGMI Temple will be a welcome respite from the non-stop action of SXSW. is a zen-like realm with a sense of calm, meditation, natural beauty, and spiritual connection with the world.
With a rich history and the discovery of SHIB’s birth and its decentralized roots, echoes whisper to the region.
Recently, the Shiba Inu team also announced a new update to the Shibarium Network, the project’s soon-to-launch Layer 2 scaling protocol, adding that Bone ShibaSwap (BONE) will become the official virtual asset used to operate blockchains. rice field.
The move has led Binance, the world’s largest crypto exchange by trading volume, to stake a staggering 4 trillion Shiba Inu tokens.
SHIB is trading at $0.00001 at the time of writing, gaining 3.3% over the past 24 hours.
Don’t miss a beat subscribe to get encrypted email alerts delivered straight to your inbox
Price action confirmation
Please follow us twitter, Facebook When telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.
Generated image: In the middle of the journey