A Crypto Whale Suddenly Moves Over $28.7 Million in Shiba Inu (SHIB) as Network Set to Get Layer 2 Upgrade Soon.
According to blockchain tracker and whale analysis platform Whale Alert, unknown wallets sent more than 3.37 trillion SHIB to unknown wallets. There is a gas fee for the transaction of 0.00179 Ethereum (ETH), which is equal to $2.46.
At the time of writing, the sending wallet has a zero SHIB stop while the receiving wallet holds the total amount sent, according to data from Etherscan. At the time of writing, SHIB is changing hands at $0.00000853.
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Introducing Shibarium: The Upcoming Layer 2 Blockchain for the Shiba Inu Network
The Shibarium project is the soon to be released Layer 2 blockchain for the Shiba Inu network. Layer 2 blockchain is a proactive solution to address the low transaction speed of Shiba Inu’s Ethereum host chain. Shibarium has recently selected ShibaSwap Bone (BONE) for a utility token that will be used for blockchain transactions and other activities. BONE also allows users to vote on upcoming initiatives.
The start date of the Shibarium project is still uncertain, but it is expected this year. The pseudonymous designer known as Shytoshi Kusama said last month that Shibarium should come “soon”.
In addition, Shiba Inu can see an increase in profits by introducing new features, including the SHIB token fire.
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