User Purchases 850 Billion Shiba Inu (SHIB) Worth $9.2M

  • A tweet claims that a user paid just over $9.2 million USD in fiat currency.
  • On January 18 a whale sent 443 billion SHIB meme coins to OKX.

In anticipation of the release of the beta version of the Layer 2 protocol for Shiba Inu, some members of the SHIB army have opted to stock up on SHIB. Ali Needazar, a Twitter user, posted a screenshot of a Shiba Inu purchase. A tweet claims that a user paid just over $9.2 million USD in fiat currency for 848,776,937 SHIB meme coins.

His confession that he wasn’t the one who bought it was posted in the thread of user comments. Although it seems to have been created not too long ago, after word of the impending Shibarium beta release circulated on Twitter a week ago, the timing is suspicious.

After the debut of Shibarium, the price of the token is projected to skyrocket. As the ShibaSwap Bone (BONE) token will be used to pay for network transactions, it is also important.

BitGo Wallet Now Supports DOGE and SHIB

On January 18 a whale sent 443 billion SHIB meme coins to the major exchange OKX, presumably to sell them. There are currently more than 50.5 trillion Shiba Inu held by the top whales on the Ethereum network. This represents 16.18% of their total assets, or $611,251,631.

The news that renowned cryptocurrency exchange BitGo now supports Dogecoin (DOGE) and Shiba Inu in their hot wallets and authorized custody circulated over the weekend. The platform now supports sending, receiving, and storing of SHIB and DOGE in both hot and cold wallets. One of the largest cryptocurrency exchanges and custodians in the world, BitGo is headquartered in California, United States.

An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.