According to the data provided by Arkham, an analytical platform that recently entered the market, approximately five billion Shiba Inu tokens have been on the move in the past few hours.
Mobility in SHIB!
In the past 24 hours, the price of Shiba Inu has increased by 6.59%. What is the reason behind the activity in this popular meme token? The SHIB price skyrocketed after a court partially ruled in favor of Ripple Labs in the case filed against SEC and stated that the XRP token is not a security.
A total of 261 million SHIB was transferred to an anonymous wallet from Coinbase exchange. Approximately 70 million Shiba Inu was withdrawn from an address connected to Binance. According to Arkham, 155 million SHIB was transferred from one anonymous wallet to another.
An unknown wallet received a total of 146 million meme coins from BtcTurk, a cryptocurrency exchange operating in Turkey. Additionally, several transactions carried billions of SHIB: 1.405 billion SHIB was transferred to an anonymous wallet from Uniswap DEX; 1.44 billion SHIB was moved by Bitso, the largest crypto exchange in Mexico and Latin America; and 1.064 billion Shiba Inu was deposited to KuCoin.
SHIB Developments!
The lead developer of Shiba Inu, known as Shytoshi Kusama, tweeted about providing the SHIB community with a new Shiba Inu website after an update. The website has been rebranded with major projects such as SHIB Metaverse, Shibcals, Shiba Eternity, ShibaSwap DEX, and others. The promised SHIB Worldpaper, which was mentioned in a blog post a few weeks ago, has also been added to the site for everyone to read.
In addition, Shytoshi announced that the acquisition of projects wishing to develop Shibarium or collaborate through a private form with Shibarium has been closed. The Shibarium beta, called Puppynet, was launched on March 11th this year, and shortly after, Kusama announced that thousands of projects had submitted proposals through this form.
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