For the ORGANIZATION 237.8 billion SHIB seized by New Whale after a major development of Shiba Inu.

According to data shared by Etherscan, more than a day ago, a newly created cryptocurrency wallet purchased several hundred billion SHIB meme coins.

The whale grabs 237.8 billion SHIB.

The transaction was made from an anonymous wallet which may indicate an OTC purchase or a whale distributing its cryptocurrency reserve between smaller blockchain addresses.

A total of 237,868,630,126 SHIB were transferred to the aforementioned wallet. This meme cryptocurrency amount is valued at 6,290,435,$ at the time of writing.

The purchase came after the SHIB team made a major announcement about securing $12 million in investment for the development of a Layer 3 solution on top of Shibarium. Meanwhile, the SHIB official clarified the subject of his recent multiple trips around the world.

Shytoshi Kusama explains his recent mysterious travels.

In a recently posted tweet, the SHIB project lead known as Shytoshi Kusama suddenly shared the reason why he changed locations on X/Twitter so many times earlier this year.

He has traveled to Japan, Hong Kong, Puerto Rico, and several cities in the United States, including New York, as well as Hong Kong, Dabai, and the Maldives. The SHIB community traced all of these location changes to Kusama's official X/Twitter account, pondering what was happening.

Now, Shytoshi announced that during his travels, he aims to raise funds for the construction of the layer 3 blockchain. Shibarium is a layer 2 solution built on Ethereum, and the new blockchain will be based on Shibarium .

In a recent tweet, SHIB Marketing Manager Lucie explained the benefits a Layer 3 solution would bring to the SHIB community. #SHIB🔥🔥