New Whale Scoops 4 Trillion Shiba Inu (SHIB) Ahead Of Shibarium Launch
In a stunning display of support, a brand-new whale has seized the spotlight by acquiring over $40 million worth of Shiba Inu (SHIB) in a single transaction. Etherscan data has revealed this impressive feat, with the whale amassing a staggering 4.41 trillion SHIB tokens, catapulting them to the 27th spot among the largest SHIB holders.
Shiba INU’s Bullish Momentum Continues
The emergence of this significant SHIB accumulation has been brought to attention by Whale Alert. This remarkable event coincides with Shiba Inu’s recent remarkable performance, as the token experienced a remarkable over 25% surge in price over the last month, breaking free from a consolidation phase that had persisted until August 4.
This bullish momentum propelled SHIB beyond the psychological resistance level of $0.00001, achieving a four-month high. The past month has seen SHIB’s price surge by an impressive rally, accompanied by a surge in trading volume to a new six-month high, as reported by market intelligence firm Santiment.
In a parallel development, Shytoshi Kusama, the chief creator of Shiba Inu, has taken a proactive stance against false information and con games that are aimed towards the community for the memecoin. Recent efforts have been made to debunk scams related to the impending release of new tokens within the Shiba Inu ecosystem, including the misleading claims about the Shibarium campaign. Kusama’s attention to detail serves as a warning to the neighborhood to be cautious and watch out for potential scams.
Also Read: XRP Advocate’s Bold Bet, Counting On SEC Appeal Failure In Ripple Case
All Sentiments Around Shibarium
Shiba Inu Token (SHIB) has shown tenacity by increasing more than 9% over the last seven days as interest in Shibarium and its potential effects on the Shiba Inu ecosystem grows. SHIB, which is currently trading at $0.000009161, is gaining attention as the cryptocurrency community anticipates the potential dawn of a new era brought about by this update.
Shibarium’s Layer 2 blockchain is anticipated to launch later this month, and the “Summer of Shibarium” campaign, which will include exciting releases, has stoked market interest in SHIB and related currencies.
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