-2.7 C
New York
Thursday, December 26, 2024

Large SHIB Transfers from Unknown Sources: Identifying the Key Beneficiaries

Must read

Large SHIB Transfers from Unknown Sources: Identifying the Key Beneficiaries

  • Anonymous wallets move 42 billion SHIB tokens ($327,600).
  • 14 billion coins taken from major exchanges, 2.4 billion sent to Binance 14 wallet.
  • Over 32 million transactions, mainnet to use BONE token for burning SHIB.

According to data from Etherscan, a significant amount of Shiba Inu meme coins has been transferred by anonymous wallets recently. Fifteen transactions were recorded, totaling 42 billion SHIB, which is approximately equivalent to $327,600.

Notably, around 14 billion SHIB were withdrawn from prominent cryptocurrency exchanges, including decentralized platforms like Kraken, Uniswap, and 1inch. Additionally, a considerable sum of 2.4 billion SHIB was transferred from anonymous addresses to a Binance 14 wallet, presumably for potential selling activities.

Shibarium hits new milestone

In other news, Shibarium’s beta explorer, Puppyscan, has reported a new milestone for Puppynet over the weekend. The platform has surpassed 32 million transactions, indicating a record high in terms of transaction count.

As of now, the number of connected wallets stands at 17,062,522. It is worth mentioning that all future transactions on the Shibarium mainnet, scheduled for release later this year, will rely on the BONE token for power. Moreover, part of the BONE gas fees will be utilized for burning Shiba Inu meme coins by transferring them to unspendable wallets.

More articles

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 comments
Oldest
New Most Voted
Inline Feedbacks
View all comments

Latest News