Shiba Inu community was shaken by an unexpected surge in whale activity this week, including a staggering $35 million SHIB. The large-scale movement of the whales not only attracted community attention, but also prompted a rare public reaction The main developer of the Shiba Inu, Shytoshi Kusama. After months of silence, Shytoshi has seemingly resurfaced to confirm the big transfer.
Leading Shiba Inu development breaks silence on massive whale relocation
After more than three months of silence, Kusama appeared again to X while the Shiba Inu community reacted to a significant movement of whales. Its return follows World Blockchain Capital’s repost of an unusually large transfer of 4,136,208,073,220 SHIB from crypto exchange Coinbase to a private key wallet.
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World Blockchain Capital tagged several members of the Shiba Inu community in the transaction, urging them to take notice and highlighting how rare such a move has been in recent times. The transaction was first identified by market analyst Del Crxpto, who reported that more than 4 billion SHIB transfers were worth about 35 million dollars.
Usually, when tokens are removed from exchanges and moved to a private wallet address, often signals strategic accumulation or long-term holding by large investors rather than immediate trading activity. In this case, the size of the transaction caused the optimistic mood of market watchers, especially in a period where the price is experiencing a significant decline. volatility and intermittent action.
Aside from the shock of the transfer, what really got the community interested was Kusama’s unexpected reappearance. The lead developer previously explained in an earlier post that his reduced visibility was due to a shift in focus towards other new projects.
At that time he discovered a new interest in Artificial Intelligence (AI) initiatives aimed at improving the ecosystem. Kusama emphasized that, despite exploring new directions, he continues to work with SHIB developersincluding Kaal Dhairya and others, to shape the next phase of the Shiba Inu.
Analyst eyes $0.0002 SHIB as whales return
New Market Analyst Report ‘SHIB Crack’ on X reveals that the Shiba Inu price is showing signs of a major breakout amid rising market activity. Currently, the price of SHIB is in a downward trendfalling more than 6% this week and more than 16% in the past month.
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Despite this severe decline, SHIB Crack believes that the cryptocurrency is is preparing for mass up $0.00002. At the time of writing, meme coin is trading at $0.0000082, meaning a rise to the analyst’s projected target would require a gain of over 142%
SHIB Crack attributes its bullish outlook to the recent sharp rally increase in whale activity. According to a post on Xu, SHIB whales have resurfaced and are quietly hoarding tokens, signaling confidence in the token’s potential to recover.
Featured image from Adobe Stock, chart from Tradingview.com
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