Big Whale Moves 4.6 Trillion Shiba Inu After a Day of Holding

Top Shiba Inu Whale moved over 4.65 trillion SHIB to the mysterious wallet within 24 hours of accumulation.

Etherscan.io data reveals that the top Shiba Inu Whale has transferred 4,657,881,590,632 (4.65 trillion) SHIB, valued at $38,148,050 ($38.14 million), to the brand-new wallet in one significant transaction. The massive transfer occurred precisely at 02:10:11 PM +UTC on August 17.

The move comes shortly after the top whale accumulated 4,712,881,590,632 (4.71 trillion) SHIB, worth $42,792,964 ($42.79 million) in a single transaction yesterday.

On the other hand, the separate enigmatic crypto entity has sold 979,469 Bone ShibaSwap (BONE), worth $1.44 million, and 142,980,265,938 (142.98 billion) SHIB, worth $1,303,980 ($1.30 million) to acquire 1,068,448,646,503 (1.06 trillion) PEPE.

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The eye-popping transfers come as the Shiba Inu community celebrates the long-awaited launch of the Shibarium Mainnet. However, the joy surrounding this launch was short-lived as reports emerged of an unforeseen Bridge glitch. Beison, a trusted platform specializing in crypto-related risk analysis, reported that over 965 ETH valued at $1.7 million got trapped within the Shibarium cross-chain bridge. This unfortunate event has led to a temporary halt in block production.

Shibarium developers were quick to respond to the issue. Contrary to rumors, Shytoshi Kusama, the community-appointed SHIB lead, dispelled concerns surrounding the alleged bridge issue through an official blog post. Kusama noted that Shibarium remains fully operational, attributing the recent hiccups to an influx of users. He reassured the community that diligent efforts are underway to enhance the system’s scalability and performance. Currently, Shibarium is back online and working normally.