An unknown crypto whale is suddenly moving more than three trillion Shiba Inu (SHIB) tokens as the altcoin market slumps.
Blockchain-tracking service Whale Alert initially spotted the large Shiba Inu transaction.
Whale Alert reveals that a deep-pocketed entity moved a total of 3,811,233,843,288 SHIB worth about $25.6 million at the time from one unknown wallet to another unknown wallet.
— Whale Alert (@whale_alert) June 16, 2023
The receiving wallet continues to hold onto the large SHIB stack at time of writing, while the entity that controls the sending address has effectively drained the wallet.
Whale Alert shows the sender paid a little over $1 to process the immense Shiba Inu transaction.
Shiba Inu is trading for $0.00000681 at time of writing, up 0.5% during the last 24 hours.
Among the latest developments for the Shiba Inu ecosystem is the introduction of Shibacals, an In-Real-Life (IRL) component that allows community members to transform their SHIB-themed non-fungible tokens (NFTs) into physical items such as toys or plushies.
Popular Shiba Inu influencer Lucie explains how Shibacals could have a positive impact on the SHIB community.
Shiba Inu is not just a digital phenomenon, but a community that thrives on real-world interactions. We’re thrilled about the potential to bridge the gap between our online presence and tangible experiences that bring us closer together.
Imagine attending Shiba-themed events, meetups, and conferences where you can connect with fellow Shiba enthusiasts face-to-face…
With the In-Real-Life component, we aim to amplify the positive impact of the Shiba Inu Ecosystem beyond the digital realm. Whether it’s charity initiatives, volunteer work, or supporting causes close to our hearts, we can make a real difference as a united force of Shiba lovers.
The IRL component will also open doors to exciting collaborations with brands, influencers, and organizations that align with our values and mission. Together, we can create partnerships that bring unique experiences, exclusive merchandise, and special events to the Shiba community.
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This article was originally reported on The Daily Hodl.