Experts noticed a transfer in the Shiba Inu network for $38,000,000

Representatives of the service, which tracks transfers in crypto, reported that a whopping $38,257,148 was recorded in the Shiba Inu network. 3,312,307,240,798 tokens were transferred from one wallet to another. In January 2023, this is not the first transaction of this magnitude that was discovered on the Shuba Inu network.

Whale Alert reports that the identity of wallet owners could not be established. For this reason, it is likely that the transfer was made between cryptocurrency exchanges or market whales that are simply redistributing their assets.

It is noteworthy that, despite the fact that a colossal transaction was carried out on the network, this did not affect the number of burned tokens over the past 24 hours. Over the past 24 hours, only 237,419 were burned, which is 2 times less than the day before.

Shitoshi Kusama, lead developer of Shiba Inu, recently revealed that he is extremely optimistic about the upcoming Shibarium Tier 2 update. According to him, various projects are starting to join the Shibarium update, which will help the development of the second level update. According to Shitoshi Kusama, Falcon 9 (F9), Ufo and Mbet are Shiba Inu's new partners.