May 22, 2024
Crypto

Whale Moves 4 Tln SHIB, Shytoshi Kusama Spotlights LEASH Listing


Shiba Inu, one of the most popular meme coins within the cryptocurrency realm, recently caught noteworthy attention among crypto market fanatics as the token witnessed significant whale activity late Friday. The whale activity, coming amid a price upswing recorded by the token, seems to have echoed a wave of speculative buzz across the broader crypto market, garnering traders’ and investors’ attention globally.

Meanwhile, the price jump portrayed by SHIB market charts also comes amid a new listing chronicle for the LEASH cryptocurrency, a token part of the Shibarium ecosystem. Notably, Shytoshi Kusama, Shiba Inu’s lead developer, recently spotlighted the token’s latest listing chronicle on one of the fastest emerging cryptocurrency exchanges, CoinRabbit.

Whale Shifts 4 Tln SHIB As Kusama Highlights LEASH Listing

According to the data revealed by Whale Alert, a platform streamlining blockchain metrics, a whopping 4.23 trillion SHIB, worth $45.58 million, was shifted between unknown wallets on December 22. Furthermore, as per the data, the unknown wallet, 0x77036b51…679acf5547, was noted making the transfer to another wallet, 0x3ce6bed2…87d896c59f.

Intriguingly, the whale transfer coincided with another significant saga the Shiba crypto community witnessed wherein CoinRabbit announced LEASH listing on its platform. Notably, the announcement surfaced across the crypto horizon on Friday, December 22. Meanwhile, the exchange announced plans to support BONE trading on its platform earlier this month.

In addition, Kusama further illuminated the listing announcement, taking it to his social media post on X. With the project’s lead developer weighing in on the announcement, the community further enlightened its developments.

Also Read: Three Years to Ripple vs SEC Lawsuit, What’s for XRP In 2024?

Shiba Inu Price Jumps

At the time of writing, the Shiba Inu price portrayed a marginal increase of 0.32% over the past 24 hours and is currently trading at $0.00001067. Moreover, the token’s weekly chart showcased a gain of 8.95%, further accompanied by a monthly upswing of 30.88%.

Although the token’s price fell briefly today, the chart catapulted back to its upward momentum, fueling optimism for the crypto. Notably, the jump in SHIB’s price in recent days also aligns with the surge in the token’s weekly burn rate. As per the data by Shibburn, the SHIB weekly burn rate recorded a 13991.99% upswing, sparking immense curiosity for the token.

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