• Etherscan data shows that over 40 billion Shiba Inu coins have been moved.
• Shiba Inu has surged in popularity and formed a dedicated community, the SHIB army.
• Shibarium and its testnet Puppynet have achieved notable milestones.
Whales Acquire 40 Billion Shiba Inu
Etherscan data has revealed the transfer of approximately 40 billion Shiba Inu coins to and from prominent cryptocurrency exchange platforms. The movement is likely an indication of SHIB movement from and to exchanges, with Crypto.com, KuCoin, Binance, and OKX being the most heavily involved parties.
Shibarium Achieves Remarkable Milestones
The Layer 2 network Shibarium and its testnet, Puppynet, have achieved significant milestones in recent times. The total number of transactions on Puppynet has exceeded 11.5 million while the number of connected crypto wallets is nearing 16 million.
Popularity Surge Attributed to Various Factors
Shiba Inu has gained significant traction and witnessed a surge in popularity due to various factors that have contributed to its position as the second-largest meme coin. It has established several partnerships, collaborations, and listings which further bolster its prominence in the market.
Based on the current SHIB/USD exchange rate, the value of 36,500,000,000 SHIB is estimated to be approximately $316,090.
About Vignesh k
Vignesh k is a Seasoned Crypto Content Writer, Editor and Journalist who entered the cryptocurrency industry out of sheer passion and love for writing