Shibarium testnet Puppyscan has smashed yet another utility milestone. Over the past week, the total count of performed transactions jumped substantially.
Within the last five days, the number of transactions on Shibarium surged by 1.4 million, reached the current all-time high of 28,434,737 from roughly 27,000,000.
As for wallet count, it has not grown in the slightest, remaining at the 17,061,395 level.
As reported by U.Today earlier, the lead developer of SHIB, known as Shytoshi Kusama, published a Medium story, where he announced that SHIB will be a sponsor of the Eth Toronoto conference in Canada in the middle of August.
Shytoshi also stated that a detailed discussion about the upcoming Shibarium mainnet launch is likely to take place.
Whales put focus on SHIB again
According to a recent tweet by Santiment on-chain data aggregator, whales and traders have become interested in the second largest meme coin again after its price rise over the weekend, when SHIB added more than 8%.
The chart shared with the tweet shows that since April 3, 14 separate whale transactions of SHIB have been made, each worth roughly $1 million.
A total of $1 million is the equivalent of 132,450,331,125 SHIB.
🐱 #ShibaInu is beginning to get back on some traders' radars, following a mild +8% price jump this weekend. Since its #alltimehigh in October, 2021, the #memecoin's market cap has dropped 90%. But whale transactions & circulation are showing good signs. https://t.co/JD65FAOgK0 pic.twitter.com/FBAwVn0DU6
— Santiment (@santimentfeed) July 9, 2023
Vladislav Sopov