Data released by IntoTheBlock highlights a surprising increase in blockchain activity surrounding the Shiba Inu token. In the past 48 hours, leading token holders have transferred 11.11 trillion SHIB tokens to their wallets, signaling a strategic move by major players ahead of an anticipated event.
On Saturday, there was a notable change in the Shiba Inu ecosystem as the flow of SHIB tokens to whale wallets increased by an astonishing 3,148% compared to the previous day. This increase in token inflows represents the most significant movement witnessed in nearly two months and resembles the activity observed in mid-June.
Parallel to this data flow, a corresponding trend emerged with a sharp decrease in wallet outflows from prominent Shiba Inu investors. In just the past 24 hours, the value of the outflows has dropped by a surprising 94.61%, reducing from 7.21 trillion SHIB to only 388.07 billion SHIB.
These remarkable token movements within the Shiba Inu ecosystem hint at the upcoming launch of Shibarium, a highly anticipated event in the mainnet. It represents a unique opportunity for large-scale SHIB holders to take advantage of the release of the Layer-2 protocol.
As Shibarium unfolds, the captivating anticipation surrounding Shiba Inu continues to climb with more intriguing activities and unpredictable news expectations. The complex movements of SHIB’s investor base, particularly prominent whales, are prompting observers to delve deeper and discern ongoing strategic maneuvers.
The upcoming Blockchain Futurist Conference in Toronto, Canada, where the Shibarium Layer-2 solution is expected to be presented, has already caught everyone’s attention with its planned events and notable data on Shiba Inu.