{"id":535164,"date":"2023-05-26T15:15:58","date_gmt":"2023-05-26T15:15:58","guid":{"rendered":"https:\/\/wncen.com\/?p=535164"},"modified":"2024-06-11T07:51:08","modified_gmt":"2024-06-11T07:51:08","slug":"shiba-inu-whale-accumulates-261-billion-shib-tokens-in-just-three-days","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/shiba-inu-coin\/shiba-inu-whale-accumulates-261-billion-shib-tokens-in-just-three-days\/","title":{"rendered":"Shiba Inu Whale Accumulates 261 Billion Shib Tokens In Just Three Days"},"content":{"rendered":"<p><span style=\"font-weight: 400\">A top SHIB whale added $1.18 million worth of Shiba Inu within 24 hours. Data from <\/span><a href=\"https:\/\/etherscan.io\/token\/0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce#balances\" rel=\"nofollow\"><span style=\"font-weight: 400\">Etherscan.io<\/span><\/a><span style=\"font-weight: 400\"> reveals that this whale ranked as the nineteenth largest SHIB holder accumulating 140 Billion SHIB.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The whale acquired the SHIB tokens in two separate transactions marking its second massive accumulation within 72 hours.<\/span><\/p>\n<h2>SHIB Token Burns And Shibarium Launch Likely Behind Accumulation<\/h2>\n<p><span style=\"font-weight: 400\">Shiba Inu network and users engaged in <\/span><a href=\"https:\/\/twitter.com\/shibburn\/status\/80427265\" rel=\"nofollow\"><span style=\"font-weight: 400\">massive SHIB burn events<\/span><\/a><span style=\"font-weight: 400\"> in 2023. <\/span><span style=\"font-weight: 400\">The burning mechanism aims to reduce excess tokens and boost SHIB&#8217;s price. However, no notable price increase has occurred since the token burn events.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Nevertheless, the top SHIB whales are accumulating the tokens ahead of the Shibarium launch and a possible price increase for the asset.<\/span><\/p>\n<p>Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-hangs-on-26200-why-this-crucial-support-level\/\">Bitcoin Hangs At $26,200: Why This Is A Crucial Support Level<\/a><\/p>\n<p><a href=\"https:\/\/twitter.com\/blaze_token\/status\/12563456\" rel=\"nofollow\"><span style=\"font-weight: 400\">BLAZE token<\/span><\/a><span style=\"font-weight: 400\"> has been identified as the largest SHIB burner in recent times on the ecosystem.<\/span><\/p>\n<h2>Shiba Inu Team Member Projects Timeline For Shibarium Launch<\/h2>\n<p><span style=\"font-weight: 400\">A member of Shiba Inu&#8217;s marketing team, LUCIE, <\/span><a href=\"https:\/\/twitter.com\/LucieSHIB\/status\/38084608\" rel=\"nofollow\"><span style=\"font-weight: 400\">shared her thoughts<\/span><\/a><span style=\"font-weight: 400\"> on the proposed mainnet launch of Shibarium in a Tweet.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Shibarium is a Layer-2 (L2) scaling solution created for the Shiba Inu ecosystem. Its launch date is highly speculative, with several dates proposed in the past.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, LUCIE stated that she guessed the launch date would be in Q3 of 2023, while Shiba Inu founder Shytoshi Kusama projects in July.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The exact launch date remains a mystery and LUCIE believes the Shibarium Mainnet Launch will happen between the second and third quarters of 2023.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-bearish-nupl-rejection-long-term-resistance\/\">Bitcoin Bearish Signal: NUPL Finds Rejection At Long-Term Resistance<\/a><\/div>\n<p><span style=\"font-weight: 400\">Additionally, she believes that Shiba\u2019s team remains confident about <\/span><a href=\"https:\/\/twitter.com\/LucieSHIB\/status\/38084608\" rel=\"nofollow\"><span style=\"font-weight: 400\">the launch<\/span><\/a><span style=\"font-weight: 400\">, with multiple teams working on it and exploring Artificial Intelligence (AI) integration.<\/span><\/p>\n<p><span style=\"font-weight: 400\">LUCIE emphasized that the <\/span><a href=\"https:\/\/twitter.com\/LucieSHIB\/status\/27911680\" rel=\"nofollow\"><span style=\"font-weight: 400\">testing process<\/span><\/a><span style=\"font-weight: 400\"> is crucial and security audits are necessary before its launch. <\/span><span style=\"font-weight: 400\">She explained further, that if tests go wrong, the Shibarium mainnet release will delay. <\/span><\/p>\n<h3>Shiba Inu Price Outlook<\/h3>\n<p><span style=\"font-weight: 400\">Despite the recent announcements concerning Shibarium\u2019s launch, SHIB did not record much price fluctuation. <\/span><span style=\"font-weight: 400\">It <\/span><span style=\"font-weight: 400\">traded at $0.000009967<\/span><span style=\"font-weight: 400\"> on May 1, 2023, before moving to $0.00001002 on May 2. However, by May 4, its price dropped to $0.000009896, losing some of its earlier gains.<\/span><\/p>\n<p><span style=\"font-weight: 400\">SHIB dropped to $0.000008695 on May 11, showing price volatility. The bulls attempted to rally on May 23, pushing its price to $0.000008899.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, SHIB met resistance returning to $0.000008519 on May 24 and is trading at $0.000008479 at press time today, depicting a 0.16% increase in 24 hours.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Despite the price gain, SHIB\u2019s trading volume is down by 8%, a possible signal of traders&#8217; hesitation in the market. But the launch of the Shibarium mainnet in the ecosystem may be the price catalyst SHIB needs to reclaim its gains as it may boost SHIB usage.<\/span><\/p>\n<figure id=\"attachment_535165\" aria-describedby=\"caption-attachment-535165\" style=\"width: 860px\" class=\"wp-caption alignnone\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-535165 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/SHIBUSDT_2023-05-26_19-51-41.png?resize=860%2C470\" alt=\"Shiba Inu Whale Accumulates 261 Billion Shib Tokens in Just Three Days\" width=\"860\" height=\"470\"><figcaption id=\"caption-attachment-535165\" class=\"wp-caption-text\">Shiba Inu price trades sideways on the chart l <a href=\"https:\/\/www.tradingview.com\/x\/isVRsk27\/\" rel=\"nofollow\">SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n<p>Featured image from Pixabay and chart from Tradingview.com<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A top SHIB whale added $1.18 million worth of Shiba Inu within 24 hours. Data from Etherscan.io reveals that this whale ranked as the nineteenth largest SHIB holder accumulating 140 Billion SHIB. The whale acquired the SHIB tokens in two separate transactions marking its second massive accumulation within 72 hours. SHIB Token Burns And Shibarium Launch Likely Behind Accumulation Shiba Inu network and users engaged in massive SHIB burn events in 2023. The burning mechanism aims to reduce excess tokens and boost SHIB&#8217;s price. However, no notable price increase has occurred since the token burn events.\u00a0 Nevertheless, the top SHIB whales are accumulating the tokens ahead of the Shibarium launch and a possible price increase for the asset. Related Reading: Bitcoin Hangs At $26,200: Why This Is A Crucial Support Level BLAZE token has been identified as the largest SHIB burner in recent times on the ecosystem. Shiba Inu Team Member Projects Timeline For Shibarium Launch A member of Shiba Inu&#8217;s marketing team, LUCIE, shared her thoughts on the proposed mainnet launch of Shibarium in a Tweet.\u00a0 Shibarium is a Layer-2 (L2) scaling solution created for the Shiba Inu ecosystem. Its launch date is highly speculative, with several dates proposed in the past. However, LUCIE stated that she guessed the launch date would be in Q3 of 2023, while Shiba Inu founder Shytoshi Kusama projects in July. The exact launch date remains a mystery and LUCIE believes the Shibarium Mainnet Launch will happen between the second and third quarters of 2023.\u00a0 Related Reading: Bitcoin Bearish Signal: NUPL Finds Rejection At Long-Term Resistance Additionally, she believes that Shiba\u2019s team remains confident about the launch, with multiple teams working on it and exploring Artificial Intelligence (AI) integration. LUCIE emphasized that the testing process is crucial and security audits are necessary before its launch. She explained further, that if tests go wrong, the Shibarium mainnet release will delay. Shiba Inu Price Outlook Despite the recent announcements concerning Shibarium\u2019s launch, SHIB did not record much price fluctuation. It traded at $0.000009967 on May 1, 2023, before moving to $0.00001002 on May 2. However, by May 4, its price dropped to $0.000009896, losing some of its earlier gains. SHIB dropped to $0.000008695 on May 11, showing price volatility. The bulls attempted to rally on May 23, pushing its price to $0.000008899. However, SHIB met resistance returning to $0.000008519 on May 24 and is trading at $0.000008479 at press time today, depicting a 0.16% increase in 24 hours.\u00a0 Despite the price gain, SHIB\u2019s trading volume is down by 8%, a possible signal of traders&#8217; hesitation in the market. But the launch of the Shibarium mainnet in the ecosystem may be the price catalyst SHIB needs to reclaim its gains as it may boost SHIB usage. Featured image from Pixabay and chart from Tradingview.com<\/p>\n","protected":false},"author":584,"featured_media":533604,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[88335,83667,87680,84558],"class_list":["post-535164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-lucie","tag-shiba-inu","tag-shibarium","tag-shibusdt"],"acf":[],"yoast_head":"\n<title>Shiba Inu Whale Accumulates 261 Billion Shib Tokens In Just Three Days<\/title>\n<meta name=\"description\" content=\"A top SHIB whale added $1.18 million worth of Shiba Inu within 24 hours. 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