Whale Alert, the blockchain-tracking service, recently reported a significant transaction in the Shiba Inu ecosystem. An unidentified crypto whale transferred over 3 trillion SHIB tokens, worth approximately $25.6 million, from one unknown wallet to another.

The transaction occurred on June 16, 2023, at 2:39 PM UTC. The whale sent 3,811,233,843,288 SHIB tokens from one wallet to another. The total value of this transfer was $25,628,426.40. The transaction fee was only $1.06.

This is a significant transaction, as it represents a large amount of SHIB tokens being moved. It is unclear why the whale transferred these tokens, but it is possible that they are preparing for the launch of Shibarium, Shiba Inu’s layer-2 scaling solution.

Shiba Inu Ecosystem Developments

In addition to the whale transaction, there have been several other notable developments in the Shiba Inu ecosystem in recent weeks.

  • Shibacals: Shibacals is a new feature that allows community members to convert their SHIB-themed NFTs into tangible objects like toys or plushies. This In-Real-Life (IRL) feature adds a unique dimension to the Shiba Inu community’s engagement and creativity.
  • Shibarium Progress: Shibarium, SHIB’s highly anticipated layer-2 scaling solution, has been making progress. The network’s testnet, Puppynet, has already recorded over a million transactions. This shows that there is growing interest in Shibarium and that it is on track to launch soon.