Whale shifts 3T SHIB ($39M) off Coinbase as Shiba Inu plans Base & Solana growth using Chainlink CCIP and key ecosystem upgrades.
According to new statistics, a whale transferred 3 trillion SHIB tokens from Coinbase to a self-custody wallet.
This occurred right after a Shiba Inu developer described how to expand the project throughout Base and Solana.
Amid Plans For Multi-Chain Expansion, Whale Moves $3 Trillion SHIB
According to Whale Alert, a whale transferred 3 trillion SHIB from Coinbase Prime into a newly established self-custody wallet.
Nearly $39 million was exchanged at an average price of $0.00001299 per token.
Interestingly, this was this wallet’s first transaction.
It also suggests that the investor is more focused on long-term gains than on trading in the short term.
Together with the whale activity, the network’s burn rate rose by 1,985% in a single day, clearing the environment of about 4.7 million SHIB.
This severe supply reduction will lead to long-term price increases.
This follows Shiba Inu’s continuous infrastructure improvements.
Shiba Inu intends to grow by joining networks such as Base and Solana.
It might add fresh liquidity and acceptance while preserving its tokenomics if implemented within the formal framework.
Developer Of Shiba Inus Charts Out Future Of Cross-Chain
Although Ethereum is still Shiba Inu’s primary home, developers are aggressively getting ready to expand.
SHIB will “always be Ethereum native,” Shib Dev Kaal Dhairya reiterated, but he let developers add the token to other chains like Base and Solana.
Dhairya stressed using the official Chainlink CCIP framework to guarantee that such expansion benefits the original community.
This technique secures cross-chain transfers and burns Ethereum coins with every transaction. This supports the deflationary model.
To ensure that all four native tokens in the Shiba Inu ecosystem could be supported, the team made significant investments in this integration and worked closely with Chainlink.
Dhairya cautioned that simply deploying SHIB on other blockchains without supporting the ecosystem would be seen as exploitation. He urged developers to contribute back to the ecosystem that gave it life.
This firm position guarantees that as Shiba Inu expands its reach.
It prevents its identity from being misused or its worth from being diluted.
The initiative supports its objective of gradually increasing the scarcity and value of SHIB by utilizing the CCIP framework for every development.
Additionally, Shiba Inu recently made improvements to its developer hub.
Clear instructions for configuring validator nodes and developing decentralized applications are included in the latest edition.
This enhancement increases network-wide involvement and decentralization.
SHIB lead Shytoshi Kusama had previously hinted at a new collaboration to develop AI infrastructure for Shibarium.
They are also working on a new decentralized exchange (DEX) and an Alpha Layer update.
Additionally noteworthy is Coinbase’s introduction of DEX trading for Base network coins.
This may indirectly affect SHIB and demonstrates the increased emphasis on decentralized infrastructure in key exchanges.
The ecosystem is getting ready for the next growth stage with these strategies.