- According to the latest data from Etherscan, key ETH whales have made over 1.6 trillion purchases of the meme coin, which has made a critical metaverse move.
Twitter user @shibaplay_, in the last 24 hours, the second largest dog cryptocurrency shiba inuHe shared that several large pieces of . Earlier today, SHIB pricelost more than 6 percent of its value, and whales immediately took advantage of the drop, filling their pockets with the popular meme coin.
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Whales bought 1.6 trillion SHIB
The aforementioned Twitter user drew attention to these incredible SHIB transfers by sharing Etherscan links. 50,656,885,934 SHIB coins were bought by an anonymous whale on Coinbase and pulled into the investor’s cold wallet. In addition, Etherscan also showed that this whale actually received three large SHIB fragments of 80,960,690 SHIB, 130,204,348 SHIB and 8,756,682 SHIB.
Another major stack of SHIB coins of 199,999,679.531 coins was purchased from Binance and moved to a cold wallet by another investor. The largest stacks of SHIB coins in this transfer series, 417,167,400,278 and a mind-blowing 796,958,896.631 SHIB, were shifted between anonymous wallets.
These transactions were worth $5,118,644 and $9,730,868, respectively. In fact, the second transfer was worth about one million USD at the time of purchase due to a higher SHIB exchange rate against the USD.
Whale alert 🚨: 796,958,896,631 $SHIB transferred.
check details 👇🏻 https://t.co/ndmTDfGDiq— ShibaPlay (@shibaplay_) September 12, 2022
SHIB Metaverse team unveils major update
In a recent blog post, Shiba Inu (SHIB) The Metaverse team has announced yet another update on the construction of the SHIB sandbox. Working with their partner, THE THIRD FLOOR (TTF) studio, SHIB coin developers have revealed the first concept art for Metaverse Rocket Pond.
In a blog post by the Shiba Inu on Sept. 3, the team is promoting a zen-like realm with meditation, natural beauty, sensation, and spiritual connections to the earth. WAGMI Templehad introduced. Like WAGMI, Rocket Pond will be another hub/hub in the Metaverse. Hubs are the most valuable, locked or reserved virtual pieces of land.
Rocket Pond Hub announced
For the crypto community, the rockets represent an energy that, as crypto enthusiasts like to say, a coin could “rise in price” or “rise to the moon,” meaning it could soar to new horizons or skyrocket its price.
For this reason, rocket emojis are often used to visualize a price increase. Also in the blog post, the team comments that “rockets stand for phallic, exploration, journey, science and/or technology.”
This concept artwork was mostly inspired by various places in the United States such as Cape Canaveral and Moscow’s Space Conquerors Memorial. Flora and fauna are also made up of real plants, trees, animals, etc. inspired.
SHIB price 6% down
Earlier today, the dog cryptocurrency lost 6 percent of its value in a single red candle in less than an hour. The rally that started a few days ago ended abruptly after a price increase of around 20 percent. This increase was most likely due to the overall recovery of the cryptocurrency market, which occurred when the king cryptocurrency Bitcoin surpassed $22,000.
SHIBA has lost its top 4 ranking among the largest ETH wallets
According to data shared on whale watching platform WhaleStats website, the second most popular dog cryptocurrency Shiba Inu has dropped from 4th to 6th place in the ranking of the most popular cryptocurrencies among Ethereum whales.
At the time of writing, the top 100 wallets on Ethereum contain Shiba Inu worth $152,100,683. This makes up 3.89 percent of their portfolio. LOCUS and stETH tokens hold positions 5 and 4, just ahead of SHIB coin.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.