Several cryptocurrency whales have exchanged approximately 50 billion tokens with Shiba Inu dog themes in the last few hours, according to Etherscan. This included both SHIB transfers between whales’ wallet addresses and withdrawals from cryptocurrency exchanges as well as transfers to exchanges.
Whales transfer nearly 50 billion SHIB
A hot wallet for the Bybit exchange received 18 transactions, the biggest of which transferred 9,571,054,391 SHIB, or more over nine billion Shiba Inu.
2.4 billion Shiba Inu were transmitted to the Binance exchange, while 1 billion SHIB were also transferred to KuCoin.
According to the Etherscan data, a small number of billions of SHIB were taken out of cryptocurrency exchanges, and the remaining 28.7 billion meme coins were transferred between unidentified wallet addresses.
Shibarium passes new utility milestone
In the meantime, the Shibarium beta Puppynet has succeeded in reaching a brand-new peak in terms of transaction volume. This measure has increased by one million SHIB transactions and is presently at 32,334,726, just a few days after reaching 31,000,000.
On July 11, 279,814 transfers peaked, according to the Puppyscan chart. Puppynet has mined 1,839,739 blocks, while the total number of wallets linked to the network is 17,062,576.
After the Blockchain Futurist Conference in Toronto concludes on August 16, the Shibarium mainnet is anticipated to launch. This important yearly event in the cryptocurrency industry has SHIB as one of its sponsors. Additionally, Shytoshi Kusama, the alias of this meme coin team’s leader, will deliver a live lecture at the conference this year while hiding his true identity via an AI-based programme.
