• A crypto whale moved 4 trillion Shiba Inu (SHIB) tokens from Shiba Staking to Binance worth $31.7 million.
• 89% of SHIB holders are sitting on losses, and 69% have held onto the memecoin for more than a year.
• The popular dog-themed meme asset recently released a trailer for its much anticipated Rocket Pond land-based metaverse.
Massive Transaction of SHIB
An unknown crypto whale has moved trillions of Shiba Inu (SHIB) tokens as the top memecoin dipped this week. Blockchain-tracking service Whale Alert noticed that a deep-pocketed entity transferred 4,000,379,151,023 SHIB worth $31.7 million from Shiba Staking to the top global crypto exchange Binance. At the time of the transaction, SHIB was trading for about $0.00000792 and is currently worth $0.00000735 at time of writing, down 6.73%.
Profits and Losses
According to IntoTheBlock, 89% of SHIB holders are sitting on losses while just 3% are profitable and 8% are breaking even. Furthermore, 69% of Shib Inu holders have held onto the memecoin for more than a year while 28% have held it for less than one year and 3% have held it less than one month.
Shibarium Layer 2 Protocol
Shibarium continues to gain in popularity as new users increasingly experiment with its testnet layer-2 protocol built on top of Ethereum (ETH). According to blockchain explorer PuppyScan.Shib, Shibarium’s beta version has 16.7 million wallet addresses using Shibarium and is currently experiencing 536,181 daily transactions.
Rocket Pond Metaverse
The developers recently released a trailer for its much anticipated Rocket Pond land-based metaverse which contains The Game Builder -a tool that allows users to create spaces for leisure and fun but also provides a complete platform for landowners to generate business models or activities that can be monetized successfully .
Overall , Shiba Inu is becoming increasingly popular as an investment option due to its projects such as Rocket Pond metaverase , Game Builder etc . However , investors should always do their own research before investing in any cryptocurrency or digital asset .