Main navigation

Billions of SHIB Sold by Whales on These Top Exchanges as Price Rises 3%

Wed, 04/26/2023 - 14:00
article image
Yuri Molchan
Roughly one hour ago, massive amount of Shiba Inu sold on two major exchanges, but even more SHIB was bought
Billions of SHIB Sold by Whales on These Top Exchanges as Price Rises 3%
Cover image via

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.

Read U.TODAY on
Google News

Over the past 24 hours, the price of prominent meme coin SHIB went up by roughly 3%. This was enough to trigger sales from cryptocurrency whales.

According to the data provided by Etherscan, over the past hour, several wallets have transferred nearly six billion SHIB in several transactions to two major crypto exchanges: Binance and Uniswap.

One whale, however, did the opposite thing; they bought several billion Shiba Inu.

Whales buying and selling SHIB as price jumps

The aforementioned 6 billion SHIB were transferred to Uniswap in four transactions. The largest of them carried 2,208,284,207 and 1,472,189,471 Shiba Inu.

Image via Etherscan

Around 320 million SHIB were also sent to Binance 14 wallet earlier. The SHIB transfers to these major trading platforms had a likely goal of selling. Now, that the price of Shiba Inu has risen overnight, 6 billion SHIB would be worth $64,440.

Another whale did the opposite and decided to add several billion SHIB to his meme coin stash. Over the past two hours, he made four purchases of slightly under 4,000,000,000 Shiba Inu each. Currently, he is holding 15,996,999,997 SHIB.

Image via Etherscan

Shytoshi Kusama on Current Shibarium Development: “We’re in Go Mode”

Shytoshi Kusama says "we're in go mode"

In a correspondence that took place on the Shibarium Telegram channel called "Shibarium Tech," the lead developer of Shiba Inu and the Layer 2 network beta Puppynet, the pseudonymous Shytoshi Kusama, provided a sort of update on the current state of work on Shibarium to the SHIB army.

"We in go mode," Kusama wrote when responding to a user who asked for updates. Aside from that, the lead developer said that "the SHIB army has plenty of updates" since all the chain activity and all the tokens developed on it are "very public."

The beta of Shibarium called Puppynet was released on March 11 and, since then, it has been utilized actively with more than 14 million wallets connected to it and over 1,000 tokens launched there.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at