Shiba Inu Developer Made a Statement! Huge SHIB Takes Action

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The Shiba Inu developer made some statements regarding his ecosystem’s decentralized exchange (DEX) ShibaSwap. Meanwhile, SHIB 4.55 trillion, equivalent to $31.5 million, was recently mobilized.

Statement from the developer: ShibaSwap update is coming!

Vet KUSAMA, one of the leading names in the Shiba Inu community, informed the community about the situation. However, it provided limited information about the updates. It was noteworthy that the announcement emphasized the root cause of any inconvenience that users may encounter on ShibaSwap. In this regard, Vet KUSAMA shared the following:

Hey ShibArmy! We received feedback from some users. Some updates are currently being made on ShibaSwap. We apologize for any inconvenience.

According to the statement made by SpecialSHIB, CMO of Shiba Inu’s partner Bad Idea AI, the updates will fix all problems in the stock market. It does not provide information about the exact direction of the update. However, SpecialSHIB says the changes will come into force next week.

What will the ShibaSwap update bring to the Shiba Inu DEX?

The SHIB team continues to strive to meet increasing demands as the Shiba Inu’s global visibility increases. This current update complements long-term efforts to make ShibaSwap a venue appreciated by its users. This year the SHIB team proposed different changes for the DEX, including ShibaSwap 2.0. There is no official date for this upgrade yet. However, it caused great excitement in the community. According to its design, the primary focus of ShibaSwap 2.0 will go beyond exchange offerings.

The protocol will now serve as the crypto portal to access industry statistics, news, charts and trends. It remains unclear whether the upcoming update is related to ShibaSwap 2.0. But it does raise optimism that once released, ShibaSwap will gain more traction.

Shiba Inu whale made a huge transfer of $ 31.5 million

Significant activity in the Shiba Inu area was observed with an anonymous entity shifting an impressive 4.55 trillion SHIB, equivalent to $31.5 million, whale-watching platform Whale Alert reported. This massive transaction is in line with the prevailing trend of significant SHIB transfers over the past month.

cryptokoin.comAs you’ve been following from , we’ve witnessed an increase in large SHIB transfers over the past month. Recently, 4.56 trillion SHIBs amounting to $31.76 million were transferred between anonymous wallets. This adds to a number of notable transfers that took place throughout October. In October: 4.58 trillion SHIB ($31.63 million) was transferred on October 17; A transaction involving SHIB 4.59 trillion ($32.41 million) was carried out on October 16; and on October 11, 4.61 trillion SHIB changed hands for a value of $31.39 million. Additionally, there were two notable transfers from the Bitvavo exchange to anonymous wallets: 4.58 trillion SHIB ($33.13 million) on October 5 and 4.60 trillion SHIB ($33.38 million) on September 22.

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