A mysterious Shiba Inu (SHIB) whale is suddenly moving trillions of the memecoin after its developers brought the project’s layer-2 scaling solution Shibarium back online.
New data from whale-surveying platform Whale Alert reveals that an anonymous deep-pocketed SHIB investor abruptly shifted a staggering 4,642,530,677,374 tokens, worth about $38 million, from one unknown wallet to another unknown wallet.
The move comes after Shytoshi Kusama, the ecosystem’s pseudonymous lead developer, announced that the project’s technical issues have been resolved and that “Shibarium is ready for prime time.”
Shibarium, which officially launched earlier this month, experienced a “massive influx” of users and activity, causing technical difficulties such as having millions of dollars worth of crypto assets stuck over its Ethereum (ETH) bridge.
Previously, Kusama said that to fix Shibarium’s issues, the protocol would be adding more node validators to accommodate the high number of use
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