New Whale Moving 2.4 Trillion SHIB From BinanceUS? Price To Jump?

Shiba Inu News: 2.4 trillion Shiba Inu (SHIB) tokens were moved from BinanceUS to an unknown wallet, according to Whale Alert. Shiba Inu witnessed a rise in whale accumulation after lead developer Shytoshi Kusama announced the possibility of releasing the much-awaited Shibarium mainnet in August along with the Worldpaper.

Shiba Inu Whale Moves 2.4 Trillion SHIB Tokens

Whale Alert reported the transfer of 2,416,836,656,676 SHIB tokens worth $18.77 million BinanceUS to an unknown wallet on July 20.

Etherscan data revealed BinanceUS has been moving many tokens from BinanceUS 2 wallet to a new wallet address 0x058A in the last two days. Thus, the wallet address could possibly belong to the crypto exchange. The wallet address has 69 tokens worth $72.62 million.

Several members of the Shiba Inu community noted the massive transfer of SHIB tokens from BinanceUS, believing the transfer is related to the Shibarium launch next month.

2,416,836,656,676 $SHIB was transferred from Binance US 🔥🔥

— SHIBBPP.X (@ShibBPP) July 20, 2023

SHIB and BONE Prices Pump in Anticipation of Shibarium Launch

Shiba Inu and Shibarium’s gas token BONE prices started rallying after the news of the Shiba Inu ecosystem as the title sponsor of the Blockchain Futurist Conference, and official hackathons ETHToronto and ETHWomen to be held in Canada in August, where the team may likely release Shibarium.

Moreover, Shiba Inu whale transactions have jumped in anticipation of the Layer-2 blockchain Shibarium launch next month. Also, the Shibarium mainnet “PuppyNet” has surpassed 30 million transactions.

SHIB price currently trades at $0.0000077, moving sideways in the last 24 hours. The 24-hour low and high are $0.00000766 and $0.00000780, respectively.

Meanwhile, Shibarium’s gas token Bone ShibaSwap (BONE) currently trading 3% up at $1.27. The 24-hour low and high are $1.22 and $1.29, respectively.

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

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