- Massive Acquisition: A new whale enters the Shiba Inu realm, securing over 1 trillion SHIB tokens in a single move.
- Meteoric Rise: The acquisition follows the Shibarium Network’s relaunch, influencing a surge in SHIB’s global attention.
The Emergence of a Shiba Inu Juggernaut
In the ever-evolving cryptocurrency ocean, new whales occasionally make a splash. Such was the case when data from Etherscan.io unveiled a fresh whale’s entrance into the Shiba Inu ecosystem. The unidentified wallet made a head-turning purchase of 1.15 trillion SHIB tokens in a singular transaction. The staggering investment, equivalent to $9.37 million, was clocked at 03:10:11 PM +UTC on August 24, placing the newcomer in the limelight as the 52nd most substantial Shiba Inu token holder worldwide.
Spotlight on Shibarium Network’s Relaunch
This colossal purchase comes on the heels of the Shibarium Network’s highly anticipated relaunch. Shibarium, a Layer 2 Solution, has been the talk of the town, rejuvenating interest in Shiba Inu, particularly among heavy hitters in the crypto space. The network’s comeback was prompted by an unforeseen surge in user activity, causing a brief operational pause.
Post-relaunch, Shibarium’s traction was nothing short of electric. According to Shibariumscan, the blockchain’s dedicated explorer, Shibarium efficiently managed 115,472 transactions, with a user base comprising 47,369 active wallet addresses. Riding this wave, Bone ShibaSwap (BONE), Shibarium’s innate gas token, witnessed an 11% price jump, reaching $1.39 within 24 hours.
The ripple effects of the Shibarium revival reverberated across the digital currency landscape. Shiba Inu’s prominence skyrocketed, making it the most discussed digital coin on multiple social media platforms. CoinMarketCap, a premier crypto data aggregator, earmarked Shiba Inu as the top-performing cryptocurrency in a 24-hour window. Moreover, based on weekly search popularity, Shiba Inu clinched the top spot on KuCoin, ranking fifth globally concerning trade volume.
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— CoinMarketCap (@CoinMarketCap) August 24, 2023
Nonetheless, it’s crucial to note that while Shiba Inu’s visibility has surged, the token’s market performance has faced a slight downturn. As of the latest metrics, SHIB is trading at a value of $0.000008075, reflecting a 3.10% drop in the last 24 hours and a trading volume nearing $151.95 million.
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