A mysterious Shiba Inu (SHIB) whale is suddenly moving trillions of SHIB as the project launches its new layer-2 scaling solution, Shibarium.
New data from whale-surveying platform Whale Alert reveals that a deep-pocketed SHIB investor has abruptly shifted a staggering 4,654,881,590,632 tokens, worth about $40.7 million, from one unknown wallet to another unknown wallet.
The sudden transfer occurred just a day after the Shiba Inu team launched Shibarium, the project’s highly anticipated layer-2 scaling solution. However, Shibarium’s launch wasn’t without issues as it received a “massive influx” of users and transactions during its release, causing some technical difficulties.
In a new blog post, pseudonymous lead SHIB developer Shytoshi Kusama says that “all is well” with the layer-2 protocol despite the torrent of activity, adding that the SHIB team never expected such a result.
“We’ve seen [the] Shib Army bring down large exchanges, websites, and other things. For t
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