SHIB and the Shiba Inu Ecosystem have partnered to launch a Web3 restaurant venture called Welly, which will be powered by the Shibarium blockchain. The restaurant's operations, including customer loyalty programs and food-based incentives, will be managed by the blockchain.
On September 1st, according to data from Arkham Intelligence sourced by Watcher.guru, the amount of SHIB held on the Robinhood platform has significantly increased, possibly due to the relaunch of Shibarium. Currently, the platform holds a total of 34.134 trillion SHIB tokens, worth approximately $272 million, which is a 70.4% increase from the August 10th holdings of 20 trillion SHIB tokens (worth approximately $197.4 million).
According to a report by Jinse Finance, approximately 342,020,540 Shiba Inu (SHIB) tokens were burned in the past day, as shared by the SHIB burn tracker Shibburn. It is worth noting that the burn rate of Meme coins has increased by over 300% in the past 24 hours.
According to Whale Alert monitoring data, 4,669,778,173,637 SHIB (worth $38,707,791) was transferred from an unknown wallet to another unknown wallet.
In the aftermath of the failed launch of Shibarium, whale addresses moved a total of $131.57 million in 29 transactions with a minimum of $1 million each. The transactions occurred since August 16, just before Shibarium's official launch, and were gathered on August 18, a day after the reported failure of the protocol.
As monitored by on-chain analyst Yu Jin, an hour ago, Voyager transferred 1,500 ETH ($2.77 million) and 250 billion SHIB ($2.7 million) to Coinbase. In addition, Voyager is consolidating all remaining tokens in its wallet addresses to its main address. The cryptocurrency claims of Voyager users have ended, and the final fiat compensation process should now be underway: selling the remaining cryptocurrencies and compensating users in USD.
A new whale has made headlines by purchasing over $40 million worth of Shiba Inu (SHIB) in a single transaction, amassing 4.41 trillion SHIB tokens and becoming one of the largest SHIB holders. This impressive feat coincides with SHIB's recent bullish momentum, which has seen the token surge over 25% in price in the past month and break through the psychological resistance level of $0.00001. The chief creator of SHIB, Shytoshi Kusama, has also taken a proactive stance against false information and scams related to the meme coin. Additionally, interest in Shibarium and its potential effects on the SHIB ecosystem is growing, with SHIB showing tenacity by increasing over 9% in the last seven days.
According to Shibburn, a tracker of burned Shiba Inu tokens, SHIB has surpassed 4,489 other coins in the market to take the first spot on AltRank, which measures a digital currency's performance across the cryptocurrency market based on its social and market activity. <br>