The price of popular meme coin SHIB increased by around 3% during the last day. This was sufficient to prompt bitcoin whales to make sales.
In the last hour, numerous wallets have sent approximately six billion SHIB in a number of transactions to Binance and Uniswap, two of the biggest cryptocurrency exchanges, according to information given by Etherscan.
One whale, however, made the opposite decision and purchased a large number of Shiba Inus.
Whales buying and selling SHIB as price jumps
In four transactions, the aforementioned 6 billion SHIB were given to Uniswap. The greatest of them contained 1,472,189,471 Shiba Inus and 2,208,284,207 Shiba Inus.
Additionally, 320 million SHIB were already sent to the Binance 14 wallet. The SHIB transfers to these significant trading platforms certainly had a selling objective. Shiba Inu’s price has increased over night, therefore 6 billion SHIB would be equivalent to $64,440.
A other whale chose to do the opposite and wanted to increase his meme coin collection by several billion SHIB. He bought four Shiba Inu for slightly less than 4,000,000,000 apiece in the last two hours. He currently has 15,996,999,997 SHIB in his possession.
Shytoshi Kusama says “we’re in go mode”
The pseudonymous Shytoshi Kusama, the chief developer of Shiba Inu and the Layer 2 network beta Puppynet, spoke with the SHIB army via the Shibarium Telegram channel “Shibarium Tech,” giving them a type of update on the project’s progress.
When a person asked Kusama for updates, she replied, “We in go mode.” In addition, the chief developer said that “the SHIB army has plenty of updates” because the chain’s entire activity and all the tokens created on it are “very public.”
Puppynet, a Shibarium beta that has been actively used since its March 11 inception, has more than 14 million wallets connected to it and more than 1,000 tokens issued there.
