After a catastrophic start, the Layer 2 Shibarium gets back on track
After a difficult start, the Layer 2 Shibarium of the Shiba Inu Project (SHIB) is back on track. In fact, it has become so vibrant that the first whales in this new ecosystem are starting to get involved.
A whale, a term commonly used to describe a large holder of cryptocurrencies, made an unusual move early last Friday morning, moving nearly $38 million worth of SHIB. On-chain analyzes specifically reveal that this whale began by transferring $160,000 in hairy crypto, then an additional $37.4 million in SHIB, to a new wallet on Ethereum.
