Crypto Whale Moves $31.7M in SHIB Tokens to Binance

• A crypto whale has moved 4 trillion Shiba Inu (SHIB) tokens worth $31.7 million from Shiba Staking to Binance.
• The memecoin is currently trading for about $0.00000735, a 6.73% decline in the last 24 hours.
• SHIB’s layer-2 protocol Shibarium is experiencing 536,181 daily transactions and features The Game Builder as one of its key functions.

Crypto Whale Moves 4 Trillion SHIB Tokens

An unknown crypto whale recently moved a total of 4,000,379,151,023 Shiba Inu (SHIB) tokens 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 but has since dropped 6.73% to trade at $0.00000735 at time of writing.

Shibarium Experiencing High Usage

The leading blockchain analytics firm IntoTheBlock reveals that 89% of SHIB holders are sitting on losses while 8% are breaking even and 3% are profitable. Additionally, 69% have held onto the memecoin for more than a year and 28% for a year or less whereas only 3% own it for less than one month.
Shibarium is gaining in popularity with its testnet having 16.7 million wallet addresses and 536,181 daily transactions so far. The SHIB developers recently released a trailer for its much anticipated Rocket Pond land-based metaverse as well as introducing The Game Builder which provides users with a platform to generate activities that can be monetized within their space creations in the metaverse.

Price Action of SHIB

At the time this article was written, Shiba Inu (SHIB) was trading for about $0.00000735 at time of writing — down from its seven-day high of $0