Following the development of Ripple, SHIB increased by about 7 percent. Five billion tokens have been launched on SHIB in the last few hours.
According to data provided by analytics platform Arkham, nearly five billion Shiba Inu were on the move in the last few hours. The SHIB price skyrocketed after the court ruled in part in favor of Ripple Labs in its lawsuit against the SEC, stating that the XRP token is not a security.
A total of 261 million SHIB were transferred from the Coinbase exchange to an anonymous wallet. About 70 million Shiba Inu were withdrawn from an address linked to Binance. According to Arkham, the amount of 155 million SHIB was sent from one anonymous wallet to another.
1.405 billion SHIB moved from Uniswap DEX to an anonymous wallet; 1.44 billion SHIB moved by Bitso, the largest crypto exchange in Mexico and Latin America; and 1.064 billion Shiba Inu have been invested in KuCoin.
The lead developer of the Shiba Inu, known as Shytoshi Kusama, has tweeted to present a new Shiba Inu website to the SHIB community after an update. The website has been rebranded with Shiba Inu’s major projects like SHIB Metaverse, Shibcals, Shiba Eternity, ShibaSwap DEX and others. SHIB Worldpaper, which was promised in a blog post in the past weeks, has also been added to the site for everyone to read. Apart from that, Shytoshi announced that the procurement of projects that want to develop Shibarium or cooperate with Shibarium through a special form has been closed. The Shibarium beta, called Puppynet, launched on March 11 this year, and soon after, Kusama announced that thousands of projects had submitted bids via this form.