BTCTurk has attracted the attention of the crypto community by transferring 2.88 trillion SHIB tokens worth approximately $65.7 million to an anonymous wallet. The exchange stated that these transactions were completely routine operations, while it also carried out large transfers of Ethereum (ETH). On the other hand, the Shiba Inu (SHIB) Metaverse project continues to expand the functionality of the ecosystem by being made available on the Shibarium blockchain.
Turkey’s second largest cryptocurrency exchange, BTCTurk, transferred 2,884,590,622,344 SHIB tokens worth approximately $65.7 million to an anonymous wallet. This large transaction was detected by blockchain analysis platform Whale Alert and caused a wide repercussion in the crypto community. Many users interpreted this move as a transaction made by a large investor or “whale.” However, BTCTurk announced that this transfer was completely routine and an internal exchange operation, and that there was no security breach or unusual situation.
In addition to SHIB transfers, BTCTurk also conducted large-scale Ethereum (ETH) transactions, including:
23.285 ETH
20.000 ETH
A total of 20,000 ETH worth $220 million
It was announced that these transactions were made for the purpose of "wallet optimization." However, some community members speculated that these large movements could be due to different reasons.
On the other hand, the Shiba Inu (SHIB) team took a big step by launching the SHIB Metaverse project, which they have been working on for a long time, on the Shibarium blockchain.
While BTCTurk’s massive SHIB and ETH transfers were described as routine transactions, these developments have triggered various speculations in the crypto community. At the same time, the launch of the SHIB Metaverse shows that a grand vision is starting to come to life in the Shiba Inu ecosystem.
Experts predict that these developments may have positive effects on the value of the SHIB token in the long term, but market fluctuations may continue in the short term.