Massive Transfer Raises Questions
A massive transfer of 1 trillion Shiba Inu (SHIB) tokens, worth over $28 million, has been detected by Whale Alert. The tokens were sent from an unknown wallet to the cryptocurrency exchange Gate.io. This move has sent shockwaves through the crypto community, with speculation swirling about its implications.
Shiba Eternity Game Updates
Amidst the market uncertainty, excitement is building within the Shiba Inu community over the upcoming Shiba Eternity game. During a recent Discord AMA, Shytoshi Kusama announced plans for beta testing of the play-to-earn version of the game in the next quarter.
Market Volatility and Liquidations
The SHIB market has been volatile lately, with prices dropping by 14.27% in the past 24 hours. Data from CoinGlass shows a surge in liquidations, totaling over $5 million. However, SHIB has shown resilience over the past month, with a 194% increase.
Uncertainty Looms
The transfer of SHIB tokens to Gate.io has cast doubt over the market’s stability. The community is watching closely to see if this move will lead to increased selling pressure or a significant trading event.
