{"id":149454,"date":"2023-09-04T17:02:31","date_gmt":"2023-09-04T11:32:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/whale-again-moves-4-6-trillion-shiba-inu-shib-recovery-ahead-crypto-news\/"},"modified":"2023-09-04T17:02:32","modified_gmt":"2023-09-04T11:32:32","slug":"whale-again-moves-4-6-trillion-shiba-inu-shib-recovery-ahead-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/whale-again-moves-4-6-trillion-shiba-inu-shib-recovery-ahead-crypto-news\/","title":{"rendered":"Whale Again Moves 4.6 Trillion Shiba Inu (SHIB), Recovery Ahead? – Crypto News"},"content":{"rendered":"

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Whales are actively trading meme coin Shiba Inu (SHIB) and BONE tokens after the Shibarium<\/a> was relaunched recently. Shiba Inu lead developer Shytoshi Kusama promises to scale Shibarium by 1500% and improve its security and utility. A whale has moved 4.6 trillion SHIB tokens again, will SHIB and BONE price recover from the recent dip?<\/p>\n

Whale Transfers 4.6 Trillion Shiba Inu<\/h2>\n

Whale Alert on September 4 reported<\/a> that 4.61 trillion Shiba Inu (SHIB) worth $35 million were moved by a whale from crypto exchange Bitvavo. An unknown wallet moving trillions of SHIB sparks excitement in the community.<\/p>\n

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Some believe it\u2019s time to buy SHIB as whale activity indicates an upcoming bullish movement in prices. SHIB and BONE prices tanked 10% and 35%, respectively, last month after the Shibarium mainnet launch saw issues.<\/p>\n

This is the same whale that has been moving 4.6 trillion SHIB for over a month, as per an analysis of recent transactions on Etherscan. CoinGape Media recently reported similar SHIB transactions<\/a>. Also, the presence of a Shibarium mainnet validator token transaction indicates that it could be related to the Shibarium validator. In order to become a validator, a user must lock at least 10,000 BONE tokens.<\/p>\n

Meanwhile, Shibarium has surpassed 1 million wallets<\/a>. It indicates the demand for Shiba Inu\u2019s Shibarium network and a likely boost in prices.<\/p>\n

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Also Read: XRP Lawyer Deaton Asserts Coinbase\u2019s Partial Win Against SEC, But Crucial Than Ripple Case<\/a><\/strong><\/p>\n

SHIB and BONE Prices to Rebound?<\/h2>\n

Shiba Inu ecosystem tokens have mostly been under pressure despite Shibarium reopening. SHIB price<\/a> fell 2% in the past 24 hours, with the price currently trading at $0.0000077. The 24-hour low and high are $0.00000765 and $0.00000782, respectively.<\/p>\n

Meanwhile, BONE price trades at $1.08, down 0.5% in the last 24 hours after a small recovery last week. The 24-hour low and high are $1.02 and $1.09, respectively.<\/p>\n

Also Read: Terra Luna Classic Crucial Proposal For Dynamic Minimum Commission Is Passed<\/a><\/strong><\/p>\n

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