Unraveling the Mystery Behind the 511 Billion SHIB Sold in the Past Week

The Enigmatic Figure Behind the 511 Billion SHIB Dump

Crypto broker Voyager has made significant transactions involving Shiba Inu (SHIB) tokens, transferring billions of SHIB over the past week.

These transactions have caught the attention of the crypto community, sparking speculation about the motives behind these moves.

Meanwhile, the lead developer of Shiba Inu, Shytoshi Nakamoto, has released a blog post hinting at the upcoming launch of Shibarium, the much-anticipated Layer 2 solution.

Additionally, SHIB’s involvement in upcoming conferences adds to the excitement surrounding the future of the project.

According to Etherscan data, Voyager recently made three transactions within 15 minutes, moving a total of 90 billion SHIB.

Over the past week, the broker transferred nearly six times that amount. These transactions were sent to anonymous addresses that were not identified as belonging to any crypto exchanges, raising questions about their purpose.

One possibility is that Voyager is preparing for sales or possibly returning crypto to its customers following the reopening of withdrawals.

Shytoshi Nakamoto, the lead developer of Shiba Inu, has released the first in a series of blog posts discussing the future of the project.

Nakamoto revealed that SHIB will be a sponsor at the Eth Toronto and Eth Women conferences scheduled for mid-August in Toronto.

The conferences will feature the exhibition of the SHIB “Worldpaper” and the publication of various SHIB-branded projects, including TREAT token, which will be utilized on Shibarium along with LEASH, SHIB, and BONE.

Nakamoto also hinted at detailed discussions about the launch of Shibarium, generating further anticipation within the SHIB community.

TagsCrypto

Judith Faith

Judith Faith has been writing about cryptocurrencies and blockchain technology for over five years. She is well versed in the industry and has an extensive network of industry contacts. She is also a frequent contributor to various cryptocurrency publications. With her vast knowledge and experience, she is able to provide insightful and valuable content to her readers. Judith is also an active investor in the cryptocurrency space and has a vested interest in the success of the industry.