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A staggering 2.88 trillion SHIB worth $65.7 million was transferred from Turkey's BTCTurk to an anonymous wallet, sparking intrigue among crypto enthusiasts. The transfer coincides with the SHIB Metaverse debut on the Shibarium blockchain, marking a pivotal moment for Shiba Inu.
Whale Alert Spots Massive SHIB Transaction on Turkish Exchange
Almost three trillion meme coins were carried in a gigantic SHIB transaction that was spotted by prominent blockchain tracker Whale Alert. A leading Turkish cryptocurrency exchange was involved in this deal.
This transfer occurred following a recent and significant development: the SHIB Metaverse, which had been painstakingly developed over several years, was released on the Shibarium blockchain.
A staggering 2,884,590,622,344 SHIB was transferred from BTCTurk, the second biggest centralized cryptocurrency exchange in Turkey, to an unidentified wallet, as revealed by Whale Alert in a huge meme coin transfer that was represented as a withdrawal.
$65.7M SHIB Transfer Sparks Crypto Speculation
This massive SHIB lump was worth a whopping $65,703,762 in fiat currency. Based on the data provided by the on-chain, the withdrawal was processed less than seventeen hours ago.
The crypto world was taken aback by the massive transaction involving Shiba Inu, the second most famous meme coin, and started to speculate about its final destination. There are others who think it was a whale who made massive trades with SHIB coins.
Even though BTCTurk itself stated that the transfer was just an internal transaction to improve their wallets, all those assumptions were made nevertheless. Such transfers "are fully managed by us, and there is nothing out of the ordinary," the remark states.
Ethereum Joins the Wave of High-Value Transfers
There were three more substantial transfers made from BTCTurk to anonymous wallets; however, this time, Ethereum was involved instead of SHIB. There was a transfer of 23,285, 20,000, and 20,000 Ethereum tokens, totaling $220 million.
Each of Whale Alert's tweets included a platform comment in which they explained the crypto movements as part of their "wallet optimization efforts." Crypto fans, however, persisted in speculating as to the motives behind the withdrawals and even speculated that the exchange might have been compromised.
U.Today reports that this week, the SHIB team—including its enigmatic leader, Shytoshi Kusama—announced that the SHIB Metaverse, a project that seemed to go on forever—was, in fact, available for early access to Shibarium.
Now SHIB lovers may connect their wallets, own virtual land, construct a home, explore the virtual cosmos, visit temples and picturesque natural spots, meet new people, unwind, and share ideas.
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