SHIB Token Price Prediction: What to Expect as a New Whale Transfers 2.4 Trillion SHIB from BinanceUS

Whale Alert recently reported a significant transfer of 2.4 trillion Shiba Inu (SHIB) tokens worth $18.77 million from BinanceUS to an unknown wallet on July 20. The massive movement of SHIB tokens comes amidst the anticipation of the much-awaited Shibarium mainnet launch in August, along with the release of the World paper, as announced by lead developer Shytoshi Kusama.

SHIB Token Price Prediction: What to Expect as a New Whale Transfers 2.4 Trillion SHIB from BinanceUS

Etherscan data further revealed that BinanceUS has been moving numerous tokens from the BinanceUS 2 wallet to a new wallet address, 0x058A, over the past two days. Speculations arise that the destination wallet could possibly belong to the crypto exchange itself, as it currently holds 69 tokens valued at $72.62 million.

The Shiba Inu community is closely monitoring the substantial SHIB token transfer from BinanceUS, believing it may be related to the upcoming Shibarium launch next month.

As news of the Shiba Inu ecosystem becoming the title sponsor for the Blockchain Futurist Conference and official hackathons ETHToronto and ETHWomen in Canada in August surfaced, the prices of SHIB and the gas token BONE for Shibarium experienced a rally. Investors and enthusiasts are eagerly anticipating the launch of Shibarium on the Layer-2 blockchain, with the Shibarium mainnet “PuppyNet” already recording over 30 million transactions.

As of the latest update, SHIB is currently trading at $0.0000077, showing sideways movement in the last 24 hours, with a 24-hour low and high of $0.00000766 and $0.00000780, respectively.

Meanwhile, Shibarium’s gas token BONE (ShibaSwap) is trading 3% higher at $1.27, with a 24-hour low and high of $1.22 and $1.29, respectively. The price movement indicates the growing excitement and anticipation surrounding the Shibarium launch and its potential impact on the Shiba Inu ecosystem.