Shiba Inu (SHIB) and XRP Whales Abruptly Move Over $116,000,000 Worth of Crypto Assets Over the Weekend

Shiba Inu (SHIB) and XRP Whales Abruptly Move Over $116,000,000 Worth of Crypto Assets Over the Weekend
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Shiba inu (the owners were active this weekend, mysteriously displacing cryptos worth tens of millions of dollars).

First reported by blockchain tracking service Whale Alert, on-chain data shows that a crypto whale transferred 3.35 trillion SHIB tokens between two wallets of unknown origins.

At the time of the whale transfer, the transaction was valued at $28.18 million, and the entity paid 0.000894 Ethereum () for a fee of approximately $1.12.

Last week, Whale Alert tracked down a similar transaction where a different wallet transfered 3.37 trillion SHIB worth $28.7 million at the time to another unknown address.

Shib transfers occur as the ecosystem prepares for shibarium, which is a much-anticipated second-layer blockchain for the shiba inu network.

Layer 2 blockchain is a scaling solution for processing the low transaction speed of the shiba inuinu ethereum host chain. Shibarium os recently selected shibaswap () for its utility token to be used for blockchain transaction expenses and other activities. It also gives users the opportunity to vote on future proposals.

Over the weekend, X-ray whales also performed measurements. According to Whale Alert, 263.89 million XRP was transferred between two unknown wallets. At the time of the deal, the value of the X-ray exceeded $88.88 million. According to blockchain tracker Bithomp, the whale the XRP LEDGER (XRPL) a fee of 20 XRP, or about $7.

Whale Alert also spotted big transactions involving blockhain scaling solution Polygon (). Two transactions involve portfolios of unknown origin sending MATIC to an important crypto exchange and a transaction is between the Polygon Smart Deal to an unknown portfolio.

As we write, Shiba Inu trades for $0.00000857, XRP for $0.349 and Polygon for $0.856.