Shiba Inu Partner, Tangem, has announced the release of a new batch of SHIB cold wallets that are now available for sale. These wallets, manufactured by the Swiss-based company, are the size of a bank card and allow users to store over 6,000 cryptocurrencies and conduct buying and selling transactions through smartphones. The previous batch of 5,000 wallets was sold in July, and with the introduction of these new wallets, Shiba Inu holders have additional options for secure storage of their digital assets. Additionally, Tangem’s announcement comes amidst recent developments in the SHIB ecosystem, including the sponsorship of the Blockchain Futurist Conference and the launch of the Layer-2 blockchain Shibarium on mainnet.
Shiba Inu Partner Announces New Batch of SHIB Cold Wallets Ready for Sale
More SHIB wallets for cold storage ready to sell to community
Shiba Inu partner, Tangem, a Swiss-based company, has announced the release of a new batch of cold wallets specifically designed for Shiba Inu token holders. These wallets are now available for sale, providing the community with additional options for cold storage of their SHIB tokens.
Size and features of the cold wallets
The newly released SHIB cold wallets come in a compact size, similar to that of a bank card. Despite their small form factor, these wallets offer users the ability to securely store over 6,000 different cryptocurrencies. Additionally, they can be used for buying and selling cryptocurrencies, all through a convenient connection to smartphones.
Connection to smartphones for storage and trading
The cold wallets manufactured by Tangem have the capability to connect directly to smartphones, enabling users to manage their stored cryptocurrencies and conduct trading activities with ease and convenience. By leveraging the power of mobile technology, Tangem has created a seamless and user-friendly experience for Shiba Inu token holders.
Delivery process of the previous batch of wallets
Tangem’s first batch of cold wallets, which consisted of 5,000 units, was initially available for pre-order. Once the pre-orders were received, the wallets were sent to a warehouse in Hong Kong before being distributed to buyers from that location. This successful delivery process ensured that Shiba Inu token holders had access to secure storage for their digital assets.
Recent events that have elevated the SHIB token
The release and availability of the SHIB cold wallets mark another significant milestone for the Shiba Inu token community. This development follows the recent sponsoring of the Blockchain Futurist Conference in Toronto and the launch of the Layer-2 blockchain Shibarium on the mainnet. These events have collectively contributed to the increased prominence and popularity of the SHIB token.
Trillions of SHIB again moved by alerted whales
Details of the massive SHIB transfer
Blockchain tracking service Whale Alert has identified a substantial transfer of SHIB tokens, totaling over 4 trillion meme coins. The approximate value of this transferred amount is estimated to be around $37,176,222. The movement of such a significant quantity of SHIB tokens highlights the continued activity and influence of large-scale holders within the Shiba Inu ecosystem.
Increase in SHIB price drop and whale activity
The massive transfer of SHIB tokens coincides with a noticeable drop in the price of the SHIB token. This market trend has created favorable conditions for prominent crypto holders, known as whales, to take advantage of the lowered price and accumulate additional meme coins. The increased whale activity has sparked interest and speculation within the Shiba Inu community.
Updates on Shibarium mainnet launch
In conjunction with the significant movement of SHIB tokens and the presence of alerted whales, the mainnet launch of Shibarium, the Layer-2 blockchain solution, has taken place in a private mode initially. This phased approach ensures that the platform can be thoroughly tested and optimized before being made available to the wider public. The Shibarium development team, along with other collaborators, is diligently working to scale up the infrastructure to accommodate higher transaction volumes.
One billion SHIB ends up in dead wallets
Description of the recent SHIB burn
Over the past 24 hours, the SHIB community has successfully burned an impressive total of 1,029,103,167 SHIB tokens. This burn event resulted in a significant reduction in circulating supply, with over half of the tokens destroyed in just two transactions. The burn rate of Shiba Inu experienced a sharp increase, reaching approximately 1,000%.
Involvement of Shibarium AI
The recent burn of 418,719,732 SHIB tokens and 331,507,457 SHIB tokens was facilitated by the 0xShibarium AI, which operates on the Shibarium blockchain platform. The AI system autonomously transferred these tokens to dead wallets, effectively removing them from circulation. As Shibarium prepares for its mainnet launch, this AI integration demonstrates the platform’s capabilities and utility.
Implications of the increased burn rate
The accelerated burn rate of SHIB tokens indicates growing interest and participation within the Shiba Inu community. As tokens are removed from circulation, the supply-demand dynamics may shift, potentially leading to an increase in the value of the remaining SHIB tokens. The burning process, facilitated by Shibarium AI, reinforces the commitment to tokenomics and the long-term viability of the SHIB ecosystem.
