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Shiba Inu Trillionaires Acquire 11 Trillion SHIB in Just 2 Days as Shibarium Nears

Mon, 08/07/2023 - 14:00
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Gamza Khanzadaev
As Shibarium is about to be released, mega SHIB holders snap up trillions of Shiba Inu tokens in 48 hours
Shiba Inu Trillionaires Acquire 11 Trillion SHIB in Just 2 Days as Shibarium Nears
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Recent revelations by IntoTheBlock have illuminated a surprising surge of on-chain activity surrounding the Shiba Inu token. Within the past 48 hours, an astounding 11.11 trillion SHIB tokens have flooded into the wallets of prominent token holders, signaling a strategic move by major players ahead of an anticipated event.

8.7 Trillion SHIB Moved by Anon Whales as Price Plunged From $0.00001 Peak

Saturday marked a seismic shift in the Shiba Inu ecosystem, with the influx of SHIB tokens into whale wallets skyrocketing by an astonishing 3,148% compared to the previous day. This meteoric rise in token inflows represents the most significant surge witnessed in nearly two months, harking back to the explosive activity observed in mid-June.

Source: IntoTheBlock

Complementing this influx, a parallel trend emerged, with an equally sharp decline in outflows from the wallets of Shiba Inu's elite investors. Over the past 24 hours alone, the value of outflows plummeted by a staggering 94.61%, shrinking from 7.21 trillion SHIB to a mere 388.07 billion.

Hot summer of Shibarium

This remarkable ebb and flow of tokens within the Shiba Inu ecosystem is widely attributed to the impending launch of Shibarium on the main network, a momentous event that looms on the horizon. For large-scale holders of SHIB, this represents an unparalleled opportunity to capitalize on the eagerly awaited Layer 2 protocol debut.

Shiba Inu (SHIB) New L2 Solution Leaves Community Excited as Epic Details Surface

As the summer of Shibarium unfolds, the feverish narrative surrounding Shiba Inu continues to escalate, with expectations of further captivating twists and unforeseen surges in activity. The intricate landscape of SHIB's investor base, especially its most prominent stakeholders, takes center stage, beckoning astute observers to delve deeper and discern the strategic maneuvers underway.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.