4.4 Trillion SHIB Withdrawn from Major Exchange, Here’s Surprising Destination
The post 4.4 Trillion SHIB Withdrawn from Major Exchange, Here’s Surprising Destination appeared on BitcoinEthereumNews.com.
Yuri Molchan Whale Alert continues to spot trillions of Shiba Inu moved by anonymous whales as Shibarium continues to add new updates Blockchain tracker Whale Alert reported in a recent X post that an enormous move of over four trillion Shiba Inu has been made as these meme coins got withdrawn from a major crypto exchange Bitvavo located in Amsterdam. In the meantime, Shytoshi Kusama just recently introduced a new update on Shibarium, which expands the range of opportunities for its users and allows them to protect their digital identity. 4.46 trillion SHIB on the move Whale Alert spread the word that a total of 4,464,530,677,374 SHIB were withdrawn from Bitvavo to an undisclosed wallet. This multi-trillion-SHIB transfer is the equivalent of $33,914,658 in fiat. However, Whale Alert then provided details of the transaction, stating that the receiver wallet also belongs to Bitvavo, therefore in was an internal transfer of this crypto trading platform. Over the past two months, Bitvavo has several times conducted similar huge SHIB transactions to reshuffle its crypto balances. Whale Alert has also been noticing transfers of more than 4.3 trillion Shiba Inu made by anonymous digital wallets belonging to whales. Speaking of whales’ transfers, this week, IntoTheblock on-chain data vendor spotted a massive rise on SHIB on-chain flows of whales – this metric spiked by 1,172%. This may indicate that whales are accumulating staggering chunks of SHIB while the price is on a heavy decline again. Shytoshi Kusama implements Shiba Name Service In a blog post published on October 31, the pseudonymous lead developer Shytoshi Kusama introduced a new feature of the Shibarium Layer-2 blockchain – it is called Shiba Name Service (SNS) and is aimed at creating a so-called Shibdentity – “a decentralized identity platform that empowers users to own and control their digital…
Filed under: News - @ November 2, 2023 10:24 am