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Huge SHIB Whales Move $130 Million Amid Shibarium Launch

In the aftermath of the failed launch of Shibarium, whale addresses moved a total of $131.57 million in 29 transactions with a minimum of $1 million each. The transactions occurred since August 16, just before Shibarium's official launch, and were gathered on August 18, a day after the reported failure of the protocol.

The whales moved a total of 15.34 trillion SHIB, accounting for 2.6% of the total supply of 589.35 trillion SHIB, with an average of $4.53 million per transaction. Notably, there were no withdrawals by SHIB whales from centralized exchanges.

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