Shiba Inu Whale Abruptly Moves 800,215,912,624 SHIB As Dogecoin-Rival Developer Dispels Code Rumors - The Daily Hodl

Mehron Rokhy
Mehron Rokhy

16 Mar 2023 6:05 PM

A Shiba Inu (SHIB) whale is abruptly moving hundreds of billions of tokens as a project developer debunks rumors that Shibarium, the ecosystem’s new layer-2 protocol, utilizes stolen code....

  • A Shiba Inu whale moved 800,215,912,624 SHIB tokens worth $8,230,620 from Shiba Staking to an unknown wallet.
  • The move happened as a developer of the Shiba Inu ecosystem dispels rumors that Shibarium, the ecosystem's new layer-2 protocol, utilizes stolen code.
  • The developer explains that the issue lies with the testnet's Chain ID, which will be fixed and relaunched.
  • SHIB is trading for $0.000002 at the time of writing, a 17.2% decrease during the last 24 hours.

The article reports on a whale moving a large amount of SHIB tokens and a developer dispelling rumors about stolen code in the Shibarium protocol. The sentiment is neutral as the article presents the facts without taking a positive or negative stance.

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