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The Mysterious Whale grabs $35 million worth of SHIB tokens as Shiba Inu Ecosystem continues to make significant advancements.
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Whale Alert, a leading blockchain data tracking platform, recently uncovered the emergence of a brand-new Whale. This deep-pocketed investor acquired (4.46 trillion) SHIB tokens, equivalent to ($35.35 million).
According to the disclosure, the colossal acquisition took place on the renowned Netherlands-based crypto exchange, Bitvavo, in a single transaction about 15 hours ago from the time of this report.
The identity of this whale remains shrouded in mystery, but the wallet has swiftly risen to prominence, now ranking as the 25th largest holder of Shiba Inu tokens worldwide.
This development marks the third sheer-scale transfer of Shiba Inu tokens among top Whales within the past seven days. A day ago, another enigmatic wallet executed a significant transfer of (4.47 trillion) SHIB, valued at ($35.35 million) to an unknown wallet in a single transaction.
In another notable event on October 31, yet another mysterious wallet made headlines, moving (4.52 trillion) SHIB tokens worth ($36.19 million) to two undisclosed wallets.
The surge in whale activity is closely tied to the significant developments happening in the Shiba Inu Ecosystem. As reported earlier by The Crypto Basic, Shytoshi Kusama, the lead developer of Shiba Inu, unveiled a revolutionary feature on Shibarium known as Shib Name Service (SNS), marking the first step towards building Shibidentity. This innovative feature empowers the Shiba Inu community to “own and control their digital identities.”
At the same time, Welly, the real-life partner of Shiba Inu, commenced operations for its web3 restaurant on October 31, 2023.
Furthermore, Shiba Inu has forged a high-profile strategic partnership with RSTLSS, a leading creator platform. This partnership will see RSTLSS integrating the Shiba Inu blockchain, Shibarium, into its user-generated content (UGC) outlet.
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