A recent report from Lookonchain, a Blockchain activity tracking service, revealed that a whale has divested from Shiba Inu (SHIB) and Bone ShibaSwap (BONE) and acquired a significant amount of PEPE Tokens. The whale sold 979,469 Bone ShibaSwap tokens for $1.44 million and transferred 142.98 billion SHIB tokens worth $1.30 million to a Binance-associated wallet. Following these transactions, the whale purchased 1.06 trillion PEPE tokens for $1.27 million.
The decision to sell off SHIB and BONE tokens came after technical difficulties were encountered during the launch of the Shibarium layer-2 blockchain. These issues resulted in approximately $1.7 million worth of ETH being locked in the Shibarium cross-chain bridge for several hours. Users also expressed dissatisfaction with a non-functional RPC system, an awful blockchain explorer, and a sloppy user experience within the SHIB community.
The Shibarium developers released a statement addressing these concerns, attributing the network’s technical issues to unexpected high traffic volume during its initial run. These developments have had a significant impact on the prices of SHIB and BONE, causing them to decline. As of now, Shiba Inu is Trading 15.75% lower at $0.000008412 compared to the previous seven days, while the BONE price has dropped by 24.23% to $1.23.
In contrast, PEPE is currently trading at $0.000001107 with a decrease of -10.98% over the past seven days. The token has seen a 24-hour trading volume of $181,123,591, indicating a notable increase of 40.77% within the last 24 hours.
Overall, the whale’s divestment from SHIB and BONE, along with the technical difficulties faced by the Shibarium blockchain, have had a significant impact on the prices of these tokens. The acquisition of PEPE tokens by the whale suggests a shift in Investment strategy. It remains to be seen how these developments will influence the future of these cryptocurrencies..
#Selling #Billions #SHIB #BONE #Buy #PEPE
The decision to sell off SHIB and BONE tokens came after technical difficulties were encountered during the launch of the Shibarium layer-2 blockchain. These issues resulted in approximately $1.7 million worth of ETH being locked in the Shibarium cross-chain bridge for several hours. Users also expressed dissatisfaction with a non-functional RPC system, an awful blockchain explorer, and a sloppy user experience within the SHIB community.
The Shibarium developers released a statement addressing these concerns, attributing the network’s technical issues to unexpected high traffic volume during its initial run. These developments have had a significant impact on the prices of SHIB and BONE, causing them to decline. As of now, Shiba Inu is Trading 15.75% lower at $0.000008412 compared to the previous seven days, while the BONE price has dropped by 24.23% to $1.23.
In contrast, PEPE is currently trading at $0.000001107 with a decrease of -10.98% over the past seven days. The token has seen a 24-hour trading volume of $181,123,591, indicating a notable increase of 40.77% within the last 24 hours.
Overall, the whale’s divestment from SHIB and BONE, along with the technical difficulties faced by the Shibarium blockchain, have had a significant impact on the prices of these tokens. The acquisition of PEPE tokens by the whale suggests a shift in Investment strategy. It remains to be seen how these developments will influence the future of these cryptocurrencies..
#Selling #Billions #SHIB #BONE #Buy #PEPE
