A whale in the Shiba Inu community made a big move, transferring several trillion tokens.
SHIB’s price was growing at the time of the whale’s move, while the rest of the cryptocurrency market was declining.
The action may have also been an effort to influence the market by raising the price of SHIB and then profitably selling their tokens. The Shiba Inu community has been shaken by the whale’s action, but only time will be able to reveal what their exact motivations were.
According to Whale Alert, a whale shifted 4.1 trillion Shiba Inu coins in a single transaction, leaving the crypto community perplexed. Some believe that it is a sign of bullish sentiment, while others think that it could be a sign of manipulation.
SHIB was one of the cryptocurrencies that profited from the positive mood in the cryptocurrency market that followed the Ripple news.
The rebranding is anticipated to assist attract additional investors and is considered an indication that the SHIB team is committed to the project.
The new website is more user-friendly and informative, and it is believed to be a better reflection of the Shiba Inu ecosystem.