Home / TREND / 10,000,000,000,000 Shiba Inu (SHIB) Leaves Large Ethereum Wallets Amid Launch of Shibarium Beta

10,000,000,000,000 Shiba Inu (SHIB) Leaves Large Ethereum Wallets Amid Launch of Shibarium Beta

After the much-anticipated release of Shibary in a public beta, trillions of Shiba Inu (Shib) dynamic passwords will not be controlled by data encryption whales.

Leading analytics firm IntoTheBlock shows that since Friday, Shiba Inu Whale's account balance has gradually fallen from 670.9 trillion yuan to 660.9 trillion yuan Shib, the day before the initial product testing of the new password project Shibary Internet.


IntoTheBlock also stressed that the number of Shib Whale addresses has decreased by 6.25% in the past seven days.

Shibaurum is a high-profile second-tier agreement based on ETH, similar to Polygon (Majic). The project was first announced in May 2021 and has been booming ever since.

The withdrawal of Shib from the whale wallet does not seem to adversely affect the use value of the dog-themed password asset. At the time of writing, Shib traded at 0.000011 yuan, up more than 6 per cent in the past 24 hours.

Although some whales have uninstalled Shiba Inu, blockchain technology tracking service platform WhaleStats shows that the largest etheric whale still has $601.2 million worth of Shib, accounting for nearly 12% of their password asset allocation.

According to WhaleStats, Shib is still the largest holder of alternative coins among the top 100 etheric whales, excluding ringgit and etheric itself.


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