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SHIB Prints Huge Green Candle as This Wallet Activates After 2 Years of Dormancy

Fri, 07/28/2023 - 13:45
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Yuri Molchan
Shiba Inu whale became active after more than two years of staying dormant and moved massive SHIB lump; price of Shiba Inu jumped then
SHIB Prints Huge Green Candle as This Wallet Activates After 2 Years of Dormancy
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Shibburn wallet tracker has spread the word about 44,805,449 SHIB burned over the past 24 hours in total. This result was achieved in 12 transactions, according to the tweet.

The biggest transfer here, per the list on the Shibburn website, carried 9,438,008 Shiba Inu meme coins. Details of the transaction provided by Etherscan show that this wallet has been activated after almost 799 days, which is roughly equal to two years and one month.

The wallet currently contains zero SHIB after transferring 9.4 million SHIB to a dead-end Shiba Inu wallet.

SHIB surges thanks to Elon Musk

On July 25, tech mogul, owner of Twitter and CEO of Tesla and SpaceX, Elon Musk made an unexpected mention of "Shiba Inu" in his tweet about rebranding Twitter to the X app.

He mentioned that they once tried rebranding to Shiba Inu, but it had no impact. The SHIB community gladly began to discuss this tweet, expressing hopes that perhaps the tech billionaire was hinting he was going to add SHIB as a payment option on the Twitter-X app.

The price of the SHIB meme coin surged by roughly 3% on that day. However, what Elon Musk actually meant was likely the week in April when he changed the Twitter logo (the famous bluebird) to the Dogecoin mascot, which is also a Shiba Inu dog — the original meme coin was based on its image.

Here's What SHIB Has Achieved Now That It Plans to Launch Shibarium

SHIB jumps 5% on upcoming Shibarium launch

Today, the price of SHIB has gone up by over 5%, peaking at the $0.00000823 level after the release of the Shibarium Bridge beta ahead of the upcoming Shibarium mainnet launch, which is expected in August.

Image via TradingView
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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