237.8 billion SHIB caught by new whale after 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.

Whale captures 237.8 billion SHIB.

The transaction was made from an anonymous wallet that could indicate an over-the-counter purchase or a whale distributing its cryptocurrency stash among smaller blockchain addresses.

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

The purchase came after the SHIB team made a major announcement about securing $12 million in investment to develop a layer 3 solution on top of Shibarium. Meanwhile, the SHIB leader clarified what his recent trips around the world were about.

Shytoshi Kusama explains his recent mysterious travels.

In a recently published tweet, the SHIB project leader known by the pseudonym Shytoshi Kusama suddenly shared the reason why he changed his location on X/Twitter so many times earlier this year.

He has traveled to Japan, Hong Kong, Puerto Rico and several US cities, including New York, as well as Hong Kong, Dabai and the Maldives. The SHIB community tracked all of these location changes on Kusama's official X/Twitter handle, pondering what was going on.

Now, Shytoshi has announced that in his travels he has pursued the goal of raising 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 Lead Lucie explained what benefits a Layer 3 solution would bring to the SHIB community. She stated that adding an L3 layer on top of an L2 is “like putting an invisibility cloak over fast transactions.”