Shiba Inu Community Alert: Shibariumscan Bug, Price Surge, and a Mysterious Whale Investor

The Shiba Inu community received a warning from the official social media expert of the Shiba Inu team, @LucieSHIB, regarding a bug affecting the Shibariumscan explorer. This bug, introduced by a recent update, may display “ETH” instead of “BONE” in notifications after transactions.

Lucie emphasized that Shibariumscan is a third-party platform and not created by the SHIB team. She assured the community that this bug is specific to their platform and will not impact the functionality of the Shibarium Layer-2 solution for Shiba Inu. BONE remains the fuel for Shibarium.

Despite this minor setback, Shiba Inu’s price experienced a remarkable surge of 11.26% over the last 24 hours, reaching $0.00000814. The SHIB burn rate, which had been in the red, saw a 5.20% increase, with 27,755,026 SHIB coins burned. Notably, the largest transaction burned 11,419,163 Shiba Inu, equivalent to nearly 50% of the total burned amount.

Whale’s Massive Investment in Shiba Inu

Crypto trader and analyst Ali Martinez pointed out a buy signal on the Shiba Inu weekly graph, citing the TD Sequential indicator. Similar signals in the past led to price surges of 118% and 71%. This technical analysis suggests potential growth for SHIB.

#ShibaInu | The TD Sequential flashed a buy signal on $SHIB weekly chart. Notably, the previous two bullish turns from this indicator led to price surges of 118% and 71%, respectively.

Given the infrequency yet precision of such signals, it's a pivotal moment to keep a keen eye… pic.twitter.com/uwdWbSWFZw

— Ali (@ali_charts) October 25, 2023

During this excitement, an anonymous whale made a substantial investment in SHIB, purchasing a staggering 60 billion SHIB worth $444,000. This purchase increased the whale’s total holdings to 73.255 billion SHIB, valued at $541,350. What’s intriguing is that this wallet emerged only a month ago, yet it has already accumulated half a billion USD worth of SHIB tokens.

However, the SHIB community remains resilient in the face of the Shibariumscan bug, focusing on the positive momentum in SHIB’s price and the intriguing activities of new investors. As the crypto world continues to evolve, these developments remind us that SHIB’s journey is full of surprises and opportunities. It attracts both long-standing enthusiasts and new investors.

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