Whales are actively trading meme coin Shiba Inu (SHIB) and BONE tokens after the Shibarium was relaunched recently. Shiba Inu lead developer Shytoshi Kusama promises to scale Shibarium by 1500% and improve its security and utility.
Whale Alert on September 4 reported that 4.61 trillion Shiba Inu (SHIB) worth $35 million were moved by a whale from crypto exchange Bitvavo. An unknown wallet moving trillions of SHIB sparks excitement in the community.
Some believe it’s time to buy SHIB as whale activity indicates an upcoming bullish movement in prices. SHIB and BONE prices tanked 10% and 35%, respectively, last month after the Shibarium mainnet launch saw issues.
Shibarium has surpassed 1 million wallets. It indicates the demand for Shiba Inu’s Shibarium network and a likely boost in prices.
Shiba Inu ecosystem tokens have mostly been under pressure despite Shibarium reopening. SHIB price fell 2% in the past 24 hours, with the price currently trading at $0.0000077. The 24-hour low and high are $0.00000765 and $0.00000782, respectively.
Meanwhile, BONE price trades at $1.08, down 0.5% in the last 24 hours after a small recovery last week. The 24-hour low and high are $1.02 and $1.09, respectively.