A Shiba Inu (SHIB) whale is abruptly moving hundreds of billions of tokens as a project developer debunks rumors that Shibarium, the ecosystem’s new layer-2 protocol, utilizes stolen code.
New data from the whale-tracking platform Whale Alert reveals that the deep-pocketed crypto investor suddenly moved 800,215,912,624 SHIB, worth $8,230,620 at time of transfer, from Shiba Staking to an unknown wallet.
The shift in tokens comes as a pseudonymous developer of the Shiba Inu ecosystem dispels rumors that Shibarium, which launched its highly anticipated beta testnet earlier this week, features code stolen from another blockchain.
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According to the developer, the issue lies with the testnet’s Chain ID, an alternate way to tell blockchains apart, and it will be fixed and relaunched.
“Dispelling some FUD [fear,
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