After 157 days of inactivity, a massive Shiba Inu (SHIB) whale (0x1406…) has stirred, transferring a total of 4 trillion SHIB to eight new wallet addresses. The whale is known as one of the biggest SHIB investors and its recent movements are attributed to announcements made by Shiba Inu’s main developer Shytoshi Kusama about the Shibarium mainnet and the expected release of the Worldpaper edition in August.
Shiba Inu Whale Transfers 4 Trillion SHIB
On-chain data provider Lookonchain reported today that a colossal whale holding 101.47 trillion SHIB tokens worth $756 million has transferred 4 trillion SHIB worth $29.8 million to eight new wallet addresses. The SHIB whale owns a substantial amount equivalent to 10.15% of SHIB’s total supply. Known for making SHIB purchases during deep price drops, the whale hadn’t made any significant transaction for 610 days.
In 2020, the whale purchased 103.33 trillion SHIB for 38 ETH (around $14,000), then sold SHIB equivalent to $9.66 million and in 2021 transferred $8.77 million worth of SHIB to the Coinbase exchange. The whale currently holds $756 million worth of 101.47 trillion SHIB spread over 23 wallets.
Spot on Chain noted that the whale last made a transaction 157 days ago, purchasing 7,049 SHIB tokens. The main wallet “0x1406” still holds 6.20 trillion SHIB valued at $46 million.
Expected Rally in SHIB and BONE Prices
The whale’s transactions have drawn attention, coming after Shiba Inu’s main developer Shytoshi Kusama confirmed the Worldpaper update and announced the long-anticipated L2 Shibarium release during the Blockchain Futurist Conference taking place from 13th to 17th August in Toronto, Canada.
Kusama’s announcements resulted in over a 10% rise in the local asset SHIB of the Shiba Inu network and an 82% surge in the gas token of Shibarium, Bone ShibaSwap (BONE), within the same 30-day period. BONE is currently trading at $1.29, showing a 1% increase in the last 24 hours. Market experts and observers are expecting further rise in SHIB and BONE prices.
