Whale Interest in Shiba Inu Spike!

The post Whale Interest in Shiba Inu Spike! appeared first on Coinpedia Fintech News

A total of 1,726,855,546,531 (1.72 trillion) SHIB were transferred from a Huobi exchange address to an unidentified wallet earlier today, according to blockchain data. The funds were worth nearly $19.4 million at the time of the transaction. The user paid a paltry fee of $4.63 to move the funds.

The spike in whale activity comes from multiple updates in the pipeline for meme coin. currently, Shiba Inu has a metaverse project, non-fungible tokens (NFTs), decentralized exchange (DEX), and a Play-to-Earn game. The team is still working to launch other projects, including a stablecoin and a Layer-2 network, to expand its utility.

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