Trillions of Shiba Inu (SHIB) tokens are no longer under the control of crypto whales following the highly anticipated launch of Shibarium in its beta form.
Leading analytics firm IntoTheBlock reveals Shiba Inu whale balances have declined from 670.9 trillion to 660.9 trillion SHIB since Friday, a day before the crypto project started the early beta phase of the Shibarium network.
Source: IntoTheBlock
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IntoTheBlock also says that the number of SHIB whale addresses has decreased 6.25% in the last seven days.
Shibarium is the much-hyped layer-2 protocol built on top of Ethereum (ETH), similar to Polygon (MATIC). The project was first announced in May of 2021 and has been in steady development ever since.
The exodus of SHIB from whale wallets does not appear to
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