A mystery Shiba Inu ($SHIB) whale has transferred 3.37 trillion tokens in a transaction so huge that it has attracted the attention of the SHIBArmy. It is unknown which firm is responsible for the transaction.
Analysis of the Ethereum blockchain’s data reveals that the 3.37 trillion $SHIB stockpile has been transferred between a number of wallets with relatively minor balances over the last several months before arriving at its present location.
The absence of ETH at the address holding the tokens implies that it is part of a bigger wallet containing other tokens. No one knows for sure if the $40 million in the meme-inspired cryptocurrency is owned by an exchange that is improving the security of its cold wallet storage or by an investor who is taking extra precautions to protect his or her holdings.
According to data compiled by CryptoGlobe, the meme-inspired cryptocurrency Shiba Inu ($SHIB) has crossed the six-month mark in median hold time among Coinbase customers before being sold or transferred to an external address.
Currently, the average holding period for Shiba Inu on the platform is 183 days, which is longer than the average holding period for Bitcoin ($BTC), Ethereum ($ETH), Cardano ($ADA), and Solano ($SOL).
Even though the project’s originator has left, development and the community have continued to operate Shiba Inu, and more popular solutions are due to be released soon, so it’s probable that Shiba Inu holders will HODL for the foreseeable future.
Users have already begun purchasing land in SHIB: The Metaverse, a Shiba Inu-themed virtual world, and SHIB tokens might be moved to Shibarium, a layer-2 blockchain, to take advantage of cheaper transaction costs.
In addition, developers are working on Shiba Eternity, a trading card game that is eagerly anticipated by the community and whose gameplay was previewed for the first time when Kusama revealed the first successful test for players in Vietnam on iOS devices.
Also Read: Ether Is About To Surpass Major Crypto As Analyst Predicts $4,800 Peak
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.
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