According to data made available by Etherscan, a huge number of Shiba Inu meme coins have been exchanged by anonymous wallets in the last hour.
A total of fifteen transactions totaling 42 billion SHIB, or only $327,600, were made.
Several payments totaling about 14 billion were made from significant cryptocurrency exchanges, including decentralised ones like Kraken, Unicord, and 1inch.
With the intention of selling these canine coins, 2.4 billion SHIB were transferred from unknown addresses to a Binance 14 wallet.
The remaining 42 billion SHIB were sent in a series of big, anonymous cryptocurrency transactions, the largest of which contained 6.4 billion SHIB.
Wallets of significant SHIB holders unexpectedly saw enormous withdrawals, amounting to 268 million to 2.47 trillion Shiba Inu, as reported by U.Today on Sunday. Some of these wallets afterwards experienced inbound SHIB transactions, although the volume of SHIB they brought was less than what had been lost earlier.
Shibarium reaches new all-time high
Puppynet’s transaction count reportedly hit a new all-time high over the weekend, according to statistics provided by Shibarium beta explorer Puppyscan. At this point, it has exceeded 32 million transactions.
At this time, there are still 17,062,522 linked wallets.
The BONE token will power all transactions on the Shibarium mainnet, which is anticipated to launch later this year. Shiba Inu meme coins will be moved to unspendable wallets and burned with a portion of the BONE petrol costs that have been locked.
Shibarium’s Layer 2 blockchain debut is anticipated to take place following the conclusion of the Blockchain Futurist Conference in Toronto, Canada, on August 16. This important yearly event will include SHIB as one of its sponsors, and the lead developer Shytoshi Kusama, who has been quite successful at concealing his real identity, will talk at the conference via an AI app.
