The largest holder of Shiba Inu cryptocurrency recently made a noteworthy action by buying an extra 1.5 trillion SHIB tokens from prominent crypto exchanges Binance and Coinbase. This deliberate accumulation comes after the recent decline in the crypto market, as influential investors and large-scale holders demonstrate revived enthusiasm for SHIB.
On June 13, Whale Alert reported that the wallet address “0x2eFB” received a staggering 1,047,480,969,141 SHIB (equivalent to $6.97 million) from Jump Trading. Furthermore, the wallet address “0x2eFB” also obtained 483,923,234,473 SHIB tokens (approximately $3.25 million) from the wallet address “0x66E0.” Presently, “0x2eFB” possesses a cumulative sum of 5.75 trillion SHIB tokens.
Based on the data provided by Etherscan, it can be observed that a significant amount of 1.5 trillion SHIB tokens, valued at $10.09 million, was transferred from the wallet address “0x2eFB” to the wallet address “0x73AF” within a few hours. Notably, “0x73AF” is known for its role in moving SHIB tokens to the largest wallet address outside of exchanges, namely “0x40B3.” Presently, the wallet address “0x73AF” still holds a considerable sum of 5.28 trillion SHIB tokens.
According to reputable source Lookonchain, it was disclosed that the biggest holder of Shiba Inu, identified as “0x40B3,” amassed 1.5 trillion SHIB tokens (equivalent to approximately $10 million) from Binance and Coinbase. Interestingly, on May 16, “0x40B3” received an astonishing 20 trillion SHIB from “0x73AF.”
Shibarium Mainnet Release And Shiba Inu Price Movement
In other developments, lead developer Shytoshi Kusama has temporarily paused the official Shibarium Telegram group amid growing uncertainty surrounding the mainnet release date, leading to speculation within the community about its imminent launch.
As for the SHIB price, Australian exchanges CoinSpot and Swyftx have recently listed the Bone ShibaSwap (BONE) token, responding to the community’s desire to trade this token in anticipation of the upcoming Shibarium Layer-2 blockchain launch. Currently, BONE is trading at $0.70, exhibiting a 2% increase within the past 24 hours.
Over the last day, SHIB experienced a 3% price surge, with its current trading value at $0.0000067. The 24-hour trading range for SHIB fluctuated between $0.00000653 and $0.00000675. However, trading volume for Shiba Inu has decreased by 27%, indicating a diminished interest among traders
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