The Shiba Inu community was rocked by an unexpected flurry of whale activity this week, involving as much as $35 million worth of SHIB. The large-scale whaling movement not only captured the community’s attention, but also provoked a rare public response Shytoshi Kusama, the lead developer of Shiba Inu. After months of silence, Shytoshi has seemingly resurfaced to acknowledge the mass transmission.
Shiba Inu’s Lead Developer Breaks Silence After Massive Whale Movement
After more than three months of silence, Kusama appeared again at X when the Shiba Inu community responded to a significant whale movements. His return followed a repost from World Blockchain Capital about the unusually large transfer of 4,136,208,073,220 SHIB from the crypto exchange Coinbase to a private key wallet.
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World Blockchain Capital tagged several members of the Shiba Inu community in the transaction, urging them to take note and highlighting how rare such a move has been in recent times. The transaction was first identified by market analyst Del Crxpto reported that the SHIB transfer of more than $4 trillion was worth about $35 million.
Usually when tokens are removed from exchanges and moved to a private wallet address, this often indicates a strategic decision accumulation or long-term ownership by large investors rather than immediate trading activity. In this case, the size of the trade created bullish sentiment among market watchers, especially at a time when the price was significant volatility and choppy action.
Aside from the shock of the transfer, Kusama’s unexpected return was really interesting for the community. The lead developer had previously explained in an earlier post that his reduced visibility was due to a shift in focus to other new projects.
At the time he announced a new interest in Artificial Intelligence (AI) initiatives aimed at promoting the ecosystem. Kusama emphasized that despite exploring new directions, he continues to work with it SHIB developersincluding Kaal Dhairya and others, to shape the next phase of Shiba Inu.
Analyst Looks at $0.0002 SHIB as the Whales Return
A new report from market analyst ‘SHIB Crack’ about X reveals that the Shiba Inu price is showing signs of a massive breakout amid rising market activity. Currently, the SHIB price is in a downward trenddown by more than 6% this week and by more than 16% in the past month.
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Despite this severe downturn, SHIB Crack believes the cryptocurrency is getting ready for a huge one $0.00002 increase. At the time of writing, the meme coin is trading at $0.0000082, meaning a rise to the analyst’s projected target would require a gain of more than 142%.
SHIB Crack has attributed its bullish forecast to the recent sharpness increase in whale activity. According to the post on
Featured image from Adobe Stock, chart from Tradingview.com