Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
According to a recent tweet by WhaleStats wallet tracker, approximately 11 hours ago, anonymous whale "BlueWhale0073," ranked 254th by the aforementioned platform, purchased slightly under 201 billion Shiba Inu meme tokens.
This happened as the SHIB coin has been showing a weekly dip of 10%, according to CoinMarketCap, and the lead developer of Shiba Inu has recently announced that he would be focused on Shibarium only.
Whale grabs 200 billion SHIB
WhaleStats detected a purchase of 200,899,251,805 Shiba Inu tokens in total. The whale who bought them paid $2,240,026, in accordance with the SHIB/USD exchange rate back at the time of the purchase.
🐋 ETH whale "BlueWhale0073" just bought 200,899,251,805 $shib ($2,240,026 USD).
— WhaleStats (tracking crypto whales) (@WhaleStats) March 6, 2023
Ranked #254 on WhaleStats: https://t.co/RBupemZyZX
Transaction: https://t.co/fIbOncUYmC#SHIB #ShibArmy
Curiously, it seems that this purchase was made purely for speculative purposes — at press time, the whale's wallet contains just a tiny bit of Shiba Inu tokens. The circular diagram on the wallet's page shows an incoming amount of SHIB as 35.62% of the portfolio, and then SHIB can be seen on the diagram of outgoing tokens. Shiba Inu here is represented as 29.62% overall.
Since March 1, the second largest meme token has lost 10.72%, if you look at a SHIB/USDT chart on Binance. On March 3, last week, Shiba Inu staged a 7% fall within a single hour, printing a massive red candle.
Yuri MolchanKusama says he stops following Shibarium projects
In a tweet published on Monday, the lead developer of Shiba Inu and Shibarium, widely known to the crypto community under the pseudonym Shytoshi Kusama, said that he intends to stop following any projects linked to Shibarium.
The reason he gave for this is that the Layer 2 solution is now more frequently used for the promotion of these projects. Instead, Shytoshi remains focused on the Shibarium beta release. Besides, he has shared that thousands of new submissions have been made to Shibarium devs through the recently published intake form. Many of them are "incredible," according to the developer.
He also reminded the SHIB community that once Shibarium launches, its only official decentralized exchange will be ShibaSwap. As the preparation for the release of the Layer 2 beta version continues, several DEXes plan to build on it, including PawSwap and its PAW meme token. PAW has experienced massive price growth in the past two weeks after it was listed on 10 exchanges, including the top 25 ones, such as Gate.io and LBank.
Vladislav Sopov
Dan Burgin