The transfer of a large amount of the world's second largest memecoin Shiba Inu (SHIB) was done while the price was in a bearish state following the still-unending FTX crisis.
Explained further, the SHIB that has been transferred from Crypto.com to Binance through various transactions is 1.8 trillion ($16.56 million).
However, the price is now depreciating slightly at 0.000009 with a trade volume of $144.5 million in the last 24 hours.
Meanwhile, its market cap recorded $4.9 billion even though the crypto market is still in volatile momentum due to the collapse of the crypto exchange company.
Meanwhile, the transfer reportedly took place while SHIB was in the process of developing its own metaverse called Shiberse to expand the ecosystem and attract more parties to cooperate with SHIB.
It would also like to be informed that SHIB is very confident that its community will be able to create great opportunities and new experiences if DeFi innovation is created.
Therefore, Shytoshi Kusama, the founder of SHIB has carried out a survey of his community by informing that he was invited to sign an agreement with the World Economic Forum (WEF).
Despite this, there are only 62% of individuals who have agreed with the cooperation between SHIB and WEF on MV global policy.
As of this writing, one of the SHIB tokens, Bone ShibaSwap, jumped by 5% at the price zone of $0.729 in the last 24 hours with a trading volume of 75% at $3.7 million.
