One of the largest Shiba Inu whales has disposed of 3 trillion SHIB tokens in a single transaction. SHIB is having critical hours as the size of the transaction exceeds $30 million.
Shiba Inu whale launches 3 trillion SHIB tokens
The whale’s selling of $32.94 million worth of 3 trillion SHIB in a single transaction threatens the price of the meme token with further decline. The whale sold a chilling amount of SHIB as the Shiba Inu dropped below the critical support level of $0.001173 on the 4-hour chart.
Despite this tremendous sale, the largest whale still has in its wallet 45.73 trillion SHIB worth $502.14 million.
Why did the whale make such a decision?
The sell-off came after the price broke below the critical support level at $0.001173 on the 4-hours chart. Meanwhile, since July 28, the price of Shiba has been trading at a critical support level. The recent decline caused SHIB price to drop below $0.00001173. It also ended with the next support level at $0.000000991 on the 4-hour chart.
Despite the fall in the price of Shiba Inu and panic selling of whales, ecosystem studies continue unabated. In terms of development, Kusama, the lead developer of Shiba, said last week that…
Kusama’s latest tweet
In a speech addressed to the Shib Army on September 17, Kusama said:
There will be burns from the game period. Upcoming details will explain why ShibaEternity is strong, tough and great for Shib, Shiboshi owners and Shibarium.
#SHIBARMY… there will be burns from the game period. Upcoming details will explain why #ShibaEternity is powerful, challenging, great for Shib, Shiboshi holders, and Shibarium once the blockchain version is released. The real question is where will you be on #downloadday ? pic.twitter.com/duUBent2oH
— Shytoshi Kusama™ (@ShytoshiKusama) September 17, 2022
Also, responding to one of the users’ tweets, Kusama noted:
I’ll explain in detail just before the download day. There will be a lot to discuss as this is so much more than just a game…
SHIB token burn studies
Based on these tweets, the Shiba Inu development will help reduce the total circulating SHIB supply in “Shiba Eternity”. It also appears to be crafting something that will allow players to enjoy CCG. However, it is expected that Kusama will provide more details ahead of the game’s download day. There are speculations that the announcement in question is linked to what he mentioned in December last year. The lead developer wrote in a tweet last year:
ALL NEW PLATFORMS WILL BE SHIB BURNED. Shibaswap v2. shibarium shibanet The only exception is the game. But there is a reason for this.
Launch of “Shiba Eternity” in Australia:
As you follow on Kriptokoin.com, Shiba Inu launched Shiba Eternity in Australia last week. The next launch will be officially released in all geographies of the world via the game’s download day. Meanwhile, Shiba Eternity first started testing with Vietnamese players.
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