Ahead of Shibarium Launch, Shiba Inu Enthusiast Acquires 4 Trillion Tokens

A new whale has made headlines with an astonishing show of support for Shiba Inu by executing a massive transaction worth over $40 million. The whale’s acquisition of an impressive 4.41 trillion SHIB tokens has catapulted them to the 27th spot among the largest SHIB holders, as per Etherscan data. This significant accumulation of SHIB tokens was brought to the public’s attention by Whale Alert, signaling a notable development in the SHIB community.

Ahead of Shibarium Launch, Shiba Inu Enthusiast Acquires 4 Trillion Tokens

This remarkable event coincides with SHIB‘s recent outstanding performance, where the token saw a phenomenal surge of over 25% in price over the past month, breaking free from a prolonged consolidation phase that persisted until August 4. The bullish momentum pushed SHIB’s price beyond the psychological resistance level of $0.00001, reaching a four-month high. Alongside the price rally, the trading volume also witnessed a surge, reaching a new six-month high, according to market intelligence firm Santiment.

In the midst of this positive growth, Shytoshi Kusama, the chief creator of Shiba Inu, has taken proactive measures against false information and scams targeting the SHIB community. Kusama’s efforts have focused on debunking scams related to the forthcoming release of new tokens within the Shiba Inu ecosystem, including deceptive claims surrounding the Shibarium campaign. By diligently addressing such issues, Kusama aims to protect the community from potential scams and fraudulent activities.