Shiba Inu Update: 13th Biggest Whale Adds 56 Billion Shiba Inu Within 5 Days

One of the largest crypto whales has added 56,847,794,190.19119 Shiba Inu coins to his wallet within the last 5 days. The crypto whale named “Tsunade” executed the purchase in two transactions.

Data from etherscan showed that 21,977,294,220.7811648252651631 Shiba Inu coins worth $722,453.28 were added to the whale wallet on the 16th of December, 2021, while 34,870,499,969.41003599 Shiba Inu coin worth $1,094,670.65 was purchased on the 20th of December 2021.

This sums the total holding of SHIB in the whale wallet to 1,856,847,794,190 Shiba Inu coins valued at $61,275,977.21.

In the past few weeks, there have been significant whale transactions on Shiba Inu coin. The crypto whale “Tsunde” had earlier added 72,266,047,517.25368 Shiba Inu coin on the 4th of December, 2021 before sending out 31,517,309,563.273655 Shiba Inu Coin on the 10th of December, 2021.

Another crypto whale with wallet address 0x2ee555c9006a9dc4674f01e0d4dfc58e013708f0 added 3,248,354,663,043.838 Shiba Inu coins on the 20th of december. This same whale wallet added 2,334,386,626,236.784 Shiba Inu coin in the last 24 hours, summing up the total SHIB in the wallet to 4,235,862,526,555.12845486428541742 Shiba Inu coins valued at $138,300,911.49.

Other crypto whale wallet with consistent transactions In SHIB within the last 24 hours was spotted, three of such wallet holds $150,114,701.41, $13,484,871.86 and $699,853.97 worth of Shiba Inu respectively.

At the time of writing, SHIB is trading at $0.00003258. Data from the WhaleStats website further revealed that currently, Ethereum whales most traded token on the etherum blockchain is SHIB

Shibarium In Progress

It has been reported that Shiba Inu developers are working on launching a layer 2 scaling solution named Shibarium. The Shibarium project was first proposed by Shiba Inu Creator, Ryoshi and announced to the Shiba community in October 2021.

Shibarium project will be built on the BONE token as its native token, not LEASH or SHIB, so as to give a fresh start to the layer 2 solution. In a medium post, Ryoshi said “Shiba will have its own l2 soon (and no we are not partnering with or have zero association with Matic as rumor bois tried to spread, they are way too centralized and will always be so).

“The end goal is that SHI (operating both on ETH and the Shibarium) becomes a global stable currency that plebs across all countries are able to use as both a store of value and method of payment.

“We are working on so many aspects of Shiba Inu including Shibarium, Shi, Shibanet, The Decentralized Shiboshi Game, Incubator and much more that won’t become evident until the near future.”

ShibaSwap developer Eric M said also affirmed on Discord that Shiba Inu’s layer 2 solution, Shibarium, will launch soon. He said, “those who trusted the project pre-swap were successful post-swap … A timeline is not needed when you trust a project. That’s how Shib has worked until now and will keep being like this.”

SHIB is an ERC-20 token and as a result, is troubled by the high fees and congestion on the Ethereum network. However, a layer 2 solution like Shibarium will reduce the huge gas fee on the Ethereum network.