Source: news.google.com
A crypto whale is abruptly moving trillions of Shiba Inu (SHIB) tokens as the dog-themed crypto asset prepares to reveal its new metaverse at SXSW.
According to the whale watching platform Whale Alert, at the time of writing, a staggering 3,323,256,285,484 SHIB with a value of $30.48 million transferred from one unknown wallet to another.
The addresses involved in the transactions are not linked to any known crypto exchange, so the move does not appear to be linked to a purchase or sale of the popular memecoin.
The token swap comes amid a series of announcements from the Shiba Inu team. The developers say they will showcase their new metaverse at the 2023 SXSW film and music festival in Austin, Texas.
The showcase will feature a virtual reality tour of the WAGMI Temple,…
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