A mysterious Shiba Inu whale ($SHIB) moved its 3.37 trillion token stash in a major transaction that caught the attention of the SHIBArmy for its size. It is unclear which entity is behind the transaction.
Analysis of Ethereum blockchain data shows the $3.37 trillion SHIB stash moved through a series of wallets over the past few months – all with now relatively low balances – before ending up at its address current.
The address where the tokens are held does not contain any ETH, suggesting that it is part of a larger wallet with more tokens. It is unclear whether the funds belong to a cryptocurrency exchange that organizes its cold wallet storage, or to an investor hardening the security of their $40 million in meme-inspired cryptocurrency.
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As CryptoGlobe reported, the median retention time that users of Nasdaq-listed cryptocurrency exchange Coinbase hold on the Shiba Inu meme-inspired cryptocurrency ($SHIB) before selling or moving it to an external address, has now exceeded the six-month mark.
The typical hold time for Shiba Inu investors on the platform is now 183 days, above the typical hold time for other major cryptocurrencies including Bitcoin ($BTC), Ethereum ($ETH), Cardano ($ADA) and Solana ($SOL) .
Shiba Inu owners are likely clinging to their assets, as even after the project founder’s departure, the developers and community have continued to keep Shiba Inu running, and new popular solutions will be released in the near future. coming.
These include Shibarium, a Layer 2 blockchain to which SHIB tokens could be migrated to for lower transaction fees, and SHIB: The Metaverse, a Shiba Inu-themed metaverse from which users have already started buying. lands.
Additionally, the developers are also working on Shiba Eternity, a highly anticipated collectible card game by the community, which got its first gameplay preview after Kusama announced the first successful test for Vietnamese players on iOS devices.
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