In a surprising series of events, an astounding 320 billion Shiba Inu tokens were withdrawn from the bankrupt crypto broker Voyager’s wallet in the past 12 hours. Based on the current SHIB prices, this massive volume is valued at an impressive $2.5 million. Notably, this marks the third significant outflow of SHIB tokens since Voyager allowed withdrawals for its clients on June 23. What’s unexpected is that despite this substantial transfer of SHIB tokens, the price of this token has displayed remarkable resilience during today’s trading. Contrary to expectations, SHIB quotes remained unaffected and showed no signs of downward pressure.
As the SHIB community prepares for future actions, a crucial query arises: what will occur with the SHIB token’s value once Voyager’s wallet is fully depleted? At present, the address still contains an impressive 1.3 trillion Shiba Inu tokens, equivalent to a value exceeding $10 million. Notably, SHIB maintains its position as the third-largest asset in Voyager’s possession, comprising a significant 12.5% of all funds held in the platform’s bankrupt wallet.
The cryptocurrency market remains highly volatile and unpredictable in recent days, with intriguing incidents like the contradictory behavior of Shiba Inu’s price adding to the fascination.
Shiba Inu’s BONE Listed on Notable Fiat-to-Crypto Trading Platform
The Shiba Inu community celebrates a thrilling achievement as the ecosystem’s token, BONE, secures a significant listing on a major fiat-to-crypto platform, Changelly. This momentous event enables BONE holders to access Changelly’s instant exchange services, facilitating effortless buying, selling, or swapping of BONE for other cryptocurrencies or fiat currencies. As a vital part of Shiba Inu’s decentralized exchange, ShibaSwap, BONE serves as a governance token within the ecosystem. Additionally, it plays a crucial role in covering gas fees for the highly anticipated Layer 2 protocol, Shibarium, in the Shiba Inu network.
After the mainnet launch of Shibarium, all transactions on this layer will incur gas fees payable in BONE. Notably, these gas fees will play a role in funding the burning of Shiba Inu’s main token, SHIB.
The inclusion of BONE on Changelly signifies a highly significant milestone for this specific Shiba Inu token. With Changelly’s substantial trading volume, projected to reach hundreds of millions of dollars, a considerable influx of liquidity is anticipated to flow into BONE. This event holds immense importance for the Shiba Inu ecosystem, as it creates fresh opportunities for expansion and increased market visibility. As a result, BONE’s presence on Changelly is expected to drive its adoption, making it more readily available to a wider user base, and ultimately enhancing its popularity and recognition.