Cointime July 14th News Express
1. Biden-related Meme Coin BODEN has dropped 6.5% in the past 24 hours
SHIB to change leadership and hand over project control to the community by year end
Shytoshi Kusama and Kaal Dhairya, the anonymous chief developers of the Memecoin project Shiba Inu (SHIB), have given their first interview to the Arabic Business News. Kusama stated that he entered the cryptocurrency industry because of the influence of a super-rich passenger while driving for Uber, and then contacted Ryoshi, the anonymous creator of SHIB. Kusama aims to make SHIB the killer of Dogecoin and wants it to become "the world's first decentralized entity worth trillions of dollars". He pointed out that currently less than 5% of the world's population use cryptocurrency, and Meme will become the gateway to cryptocurrency and blockchain. Kusama and Dhairya have not given up their anonymous plan. In addition, they plan to transfer control of the project to the community by the end of this year, and by the end of the year, there will be a special committee to lead certain things. They both believe that it is not necessary to disclose their identities and said, "We can sit in this coffee shop, there are no security guards outside, and no one recognizes me. This is actually more valuable than any money."
2 wallets deposited 211 billion SHIB into Coinbase within 10 hours
According to The Data Nerd's monitoring, within 10 hours, 2 wallets (with the same amount of SHIB) deposited a total of 211 billion SHIB (about 5.16 million US dollars) into Coinbase. These wallets accumulated these SHIBs last week, and if sold at the current price, it would cause a small loss (about 120,000 US dollars).
Nearly 90 million SHIB removed from circulation in the past 24 hours
Nearly 90 million SHIB tokens were removed from circulation in the past 24 hours, and Shiba Inu's burning rate surged by 50,000%.
11 wallets suspected of being the same person sold 533.6 billion SHIB 16 hours ago
Spot On Chain monitoring found that approximately 16 hours ago, 11 wallets (possibly belonging to one person) collectively sold 533.6 billion SHIB at a price of about $0.00003, acquiring 15.99 million DAI and achieving a joint profit of $8.24 million (+106%) in less than a month. Currently, these 11 wallets still hold the newly acquired DAI.
A trader deposited 1.24 trillion SHIB into Binance and Gate.io 16 hours ago
A trader deposited 1.24 trillion SHIB ($35.16 million) into Binance and Gate.io 16 hours ago. If sold, the trader could realize a profit of $23.5 million (+146%), as monitored by Spot On Chain. It is worth noting that this trader made a profit of $46.53 million from FLOKI and BIGTIME on March 9th and 10th.
The founder of MakerDAO bought a total of 1,008 MKR in the past 24 hours, equivalent to approximately US$2.43 million
On March 10th, Rune Christensen, the founder of MakerDAO, has accumulated 1008 MKR worth $2.43 million at an average cost of $2408 over the past 24 hours, as monitored by @ai_9684xtpa. During this process, Rune sold 425,000 LDO ($1.44 million) and 25 billion SHIB ($830,000), and has now completely cleared out of SHIB.
A whale deposited 365.36 billion SHIB to Binance via 5 addresses in the past 11 hours
Lookonchain monitoring data shows that a whale has deposited 365.36 billion SHIB (worth $5.76 million) into Binance through 5 addresses in the past 11 hours to make a profit. From November 17th to December 27th, 2023, the whale withdrew 365.36 billion SHIB (worth $3.24 million) from Binance. If they sell all of their SHIB, they will earn over $2.5 million.
A large-scale transfer transaction of over 30 trillion SHIB occurred on the Ethereum chain, worth nearly US$50 million.
Whale Alert monitored that around 7:47 on March 2nd Beijing time, an address starting with "0x73af" transferred 3,023,255,579,400 SHIB tokens to an address starting with "0x40b3" on the Ethereum chain, worth approximately $49,933,096.
Shiba Team: No SHIB airdrops yet, beware of phishing scams
Lucie, a member of the Shiba Inu team responsible for marketing, posted on X platform to remind the cryptocurrency community that there is currently no airdrop activity for SHIB, and any claims related to SHIB airdrops are potential traps for stealing user assets. Lucie warns the community to be vigilant against scammers who publish airdrops and phishing URLs, and users should obtain information through official channels and verify information before clicking on any links on X platform. In addition, Lucie also stated that a fake account for the new NFT series "Sheboshi" has been found on social media platforms. This NFT series has already been minted, but there is no airdrop for it either.
A giant whale sold 421.6 billion SHIB and suffered a loss of US$6.32 million
According to Spot on Chain data monitoring, the whale 0x30e sold 421.6 billion SHIB (worth $3.98 million) at a price of $0.059437 in the past 6 hours, including:
Shiba Inu Community Plans to Launch KNINE Liquid Staking Derivatives Token on Shibarium
The Shiba Inu community plans to launch KNINE, a liquid staking derivatives token, on Shibarium in partnership with K9 Finance. This move aims to facilitate seamless BONE staking on Shibarium and bring new features to the L2. Despite the community's efforts, the price of SHIB has dropped by 2.21% in the past 24 hours, with open interest also recording a drop. However, with upcoming developments like SHEboshi integration and SHIB burn, an upward movement for the meme coin is expected in the market.
A giant whale extracted 500 billion SHIB from Gate.io, and a total of 1.08 trillion SHIB has been accumulated
According to Scopescan monitoring, 5 hours ago, a whale with an address starting with "0xF633" withdrew 500 billion SHIB (4.73 million US dollars) from Gate.io. In the past 24 hours, this whale has accumulated 1.08 trillion SHIB (10.27 million US dollars) from Binance and Gate.io.
A giant whale withdrew 546 billion SHIB from Binance, equivalent to approximately US$4.93 million
According to Spot On Chain monitoring, a whale with an address starting with 0xf63 has just extracted 546 billion SHIB (worth $4.93 million) from Binance at a price of $0.00000902. In the past 1.5 months, five whales (including Justin Sun) have extracted a total of 2.742 trillion SHIB ($25.2 million, price: $0.00000921) from Binance.
Shiba Inu’s Layer 2 solution Shibarium’s on-chain transaction volume exceeds 200 million
According to Shibariumscan data, the transaction volume on the Shibarium chain, Shiba Inu's Layer2 solution, has exceeded 200 million transactions, reaching 200,936,256 transactions at the time of writing. The number of blocks generated on the chain has exceeded 2.33 million, and the number of wallet addresses is close to 1.32 million. Lucie, a member of the Shiba Inu community, disclosed data this week that the Shiba Inu development team has burned more than 33 billion SHIB so far. These destructions were all done manually, but Shiba Inu is about to upgrade to a more efficient way to handle token destruction operations.
Shiba Inu has destroyed over 33 billion SHIB
According to Shiba Inu marketing expert Lucie on X platform, once the upcoming SHIB upgrade is completed, token burning will be handled in a more efficient manner and will reduce the pressure on Bone ShibaSwap, which is used as gas on Shibarium, to a minimum. So far, the Shiba Inu development team has manually burned over 33 billion SHIB. Previously, Shiba Inu stated that it would migrate the Shibarium testnet Puppynet from Ethereum's Goerli to Sepolia, and developers believe that the transition of Puppynet to the Sepolia network will help improve network scalability, reduce transfer fees, and increase transaction speed.
Multiple whale addresses, including Justin Sun, have accumulated large amounts of SHIB over the past month
According to Lookonchain monitoring on December 23, multiple whale addresses including Justin Sun have accumulated a large amount of SHIB in the past month, including:
Justin Sun once again transferred 77 billion SHIB from Binance, worth $810,000
According to on-chain analyst @ai_9684xtpa, two minutes ago, Sun Yuchen once again transferred 77 billion SHIB from Binance, worth $810,000. As of now, Brother Sun has transferred a total of 577 billion SHIB (worth $6.06 million) from Binance.
Justin Sun withdraws nearly 500 billion SHIB from Binance, about $5 million
According to Lookonchain monitoring, 10 minutes ago, Justin Sun withdrew nearly 500 billion SHIB from Binance, worth about 5 million US dollars.
SHIB is launched on Japanese trading platform Coincheck
Japanese cryptocurrency exchange Coincheck has announced that it is now accepting deposits and trades of meme coins. Currently, the platform has started accepting SHIB tokens. Unlike many mainstream areas, in Japan, compliant exchanges require regulatory approval for each new token they list. Therefore, Japanese exchanges have a relatively narrow list of cryptocurrencies.
