Shiba Inu Lead Dev Reacts To Wild Development On Coinbase Involving $35 Million In SHIB
PositiveCryptocurrency
- The Shiba Inu community experienced a significant event this week with a massive transfer of $35 million worth of SHIB, involving over 4 trillion tokens moving from Coinbase to a private wallet. This unexpected whale activity prompted Shytoshi Kusama, the lead developer of Shiba Inu, to break his silence after months, acknowledging the transfer on social media.
- This development is crucial as it highlights renewed interest and activity within the Shiba Inu ecosystem, particularly among large investors or 'whales'. Kusama's engagement may also signal a shift in the community's dynamics, potentially influencing market sentiment and trading behaviors.
- The recent surge in whale transactions coincides with a broader increase in trading volume for Shiba Inu across major exchanges, suggesting a bullish trend. Additionally, the return of Shiba Inu whales and the ongoing developments in the Shibarium network indicate a revitalization of interest in the cryptocurrency, despite previous challenges and market fluctuations.
— via World Pulse Now AI Editorial System
