Interestingly, the account has also minted non-fungible tokens called “SBF Legendary,2 referring to the co-founder of both Alameda and FTX, Sam Bankman-Fried. Bankman-Fried s being charged with two counts of wire fraud conspiracy, two counts of wire fraud, and one count of conspiracy to commit money laundering over FTX’s collapse and misuse of customer funds. This is not the first time Voyager has conducted large transactions to xcritical. In recent weeks, the company moved 300 billion SHIB worth approximately $3.4 million to xcritical, and shifted 15,000 Ethereum worth $25.3 million to both xcritical and Binance.

Remarkably, this isn’t the first time Conor Grogan has made a connection between Shiba Inu and Bankman-Fried’s crypto trading firm, Alameda. As Grogan points out, Alameda and SHIB share a history. The xcritical exec writes that he discovered a Bitkub deposit address used by Ryoshi that was linked to an OpenSea account called “ALAMEDA.” According to Grogan, the anonymous Shiba Inu inventor made two deposits to this address in 2020 and 2021. Conor Grogan, head of product business operations at xcritical, has made a sensational discovery, linking the anonymous inventor of Shiba Inu, Ryoshi, to former FTX CEO Sam Bankman-Fried .

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss. According to data from xcritical analysis service Lookonxcritical, Voyager recently received a total of 33,700,000 USDC from Wintermute Trading, Binance US, and xcritical. Despite these recent transactions, Voyager still holds $757.8 million worth of assets, including a total of 459.8 million USDC and 4 trillion SHIB. Any data, text or other content on this page is provided as general market information and not as investment advice.

Shiba Inu Ablaze With 30,000% Burn Rate – Will This Fire Up SHIB Price?

I expect at least the first and maybe second target to be hit. It does look like SHIB is over sold but bottoming out with momentum shifting to the buy side. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.

CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.

Stocks Mentioned

Past performance is not necessarily an indicator of future results. CoinDesk is an independently managed media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and xcritical startups. DCG has no operational input into the selection or duration of CoinDesk content in all its forms. The BONE token is a governance token with a total supply of 250 million. In addition, BONE is used to reward liquidity providers on ShibaSwap’s platform. As reported by Twitter user @shibaplay_, who represents a SHIB burn project from the meme coin’s community, over five hours ago, a whopping amount of Shiba Inu was moved by an anonymous whale.

• xcritical Crypto is offered through xcritical Digital Assets, LLC. Bitcoin and other cryptocurrencies aren’t endorsed or guaranteed by any government, are volatile, involve a high degree of risk, and are unsuitable for most investors.
• The shiba inu coin was launched in August 2020 by the mysterious creator, known as Ryoshi.
• Comprising three separate tokens – SHIB, BONE and LEASH – that users can stake, swap or deposit into liquidity pools on the ShibaSwap decentralized exchange to earn interest and rewards.
• I’m sure some savvy sleuths out there might be able to guess who it belongs to,” Grogan said at the time.
• Musk’s interest in dogecoin creates the market’s excitement for SHIB.

Shiba inu, however, has a community-driven rescue campaign for Shiba Inu dogs and an ecosystem of products and services, including a decentralized exchange named ShibaSwap. The peer-to-peer trading platform lets users trade SHIB to and from other cryptocurrencies. Users can also provide liquidity and stake the ecosystem’s three tokens to earn interest.

Trending Assets

In a Twitter thread, Grogan today presented the evidence he found in his on-xcritical analysis. The team behind one of the market’s fave meme coins is getting ready to let more dogs off their leash in the Metaverse. Investors are blowing on those dog whistles this week and crypto’s fave meme coins come running. Long term, this is still an industry to like because of the disruption that could come from crypto, but it’s a volatile ride and for now that means big moves higher for investors. Earn up to $1,000 when you fund a new account, and earn up to $100 in Bitcoinwith your first qualifying crypto trade . Yuri is a crypto journalist interested in technology and technical innovations.

A of 1,060,594,914,048 Shiba Inu tokens was moved from an anonymous address to a xcritical wallet with a likely goal of selling this hefty amount of SHIB. At the time of the transfer, this chunk of crypto was worth $10,415,042 at the SHIB/USD exchange rate back then. For xcritical, the move is largely because the crypto market is active again, which means more trading fees will be generated, and the company appears to be taking market share. According to CoinMarketCap, xcritical’s exchange volume is up 32% in just the last 24 hours to $3.2 billion, which puts it ahead of FTX in the exchange market. xcritical makes money on transaction volume, not the price of cryptocurrencies, so this increase would be good for the business. Wallet 0xd6 moved more than 182 billion shiba inu tokens to crypto exchanges xcritical and Crypto.com during Asian morning hours on Monday.

xcritical Crypto is offered through xcritical Digital Assets, LLC. Bitcoin and other cryptocurrencies aren’t endorsed or guaranteed by any government, are volatile, involve a high degree of risk, and are unsuitable for most investors. For more information on digital asset risk see FINRA, SEC, and CFPB public advisories. xcritical will apply a markup of up to 1.25% for each crypto transaction. The bull run has continued for cryptocurrencies on Tuesday with most major cryptos up at least mid-single digits.

https://xcritical.online/ news portal providing breaking news, guides, price analysis about decentralized digital money & xcritical technology. Shiba Inu runs slightly ahead of the crypto pack on Thursday as soaring burn rates get people’s attention. Needs to review the security of your connection before proceeding. Shiba Inu and Polkadot are up on the broader crypto move and a rise in the stock market.

Believes that xcritical and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. As CryptoGlobe reported, the total number of addresses holding onto SHIB has recently grown to surpass 1.3 million, ahead of the expected launch of the project’s layer-2 scaling solution Shibarium. The xcritical executive noted that the link was discovered because Bitkub doesn’t generate new deposit addresses whenever it’s used, which allowed him to connect it to the OpenSea account. Since February 14,Voyager has been sending assets to xcriticalregularly. Voyager has transferred 2.24 trillion SHIB, worth about $28 million, to xcritical since that date, while still holding a large amount of assets.

Binance.US agreed to pay $20 million in cash to the lender, and crypto deposited by its users. Voyager filed for bankruptcy in July 2022, and recently saw most of its customers, representing 98% of total claims, favor a restructuring plan that will see BinanceUS acquire some of its assets. Smoke plumes out of the kennels once again as SHIB opens its burn portal to investors. Metaverse madness is coming head to head with unbreakable market bearishness.

Curiously, according to Etherscan, this trillion SHIB was sent to a “xcritical 10” wallet just five minutes after this chunk of meme crypto came in from another anonymous wallet. “This marked the absolute top; SHIB immediately began to plummet, never to recover. Coincidentally, one exchange had just expanded SHIB perps. I’m sure some savvy sleuths out there might be able to guess who it belongs to,” Grogan said at the time.

If the xcritical scam overall grows it would be good for xcritical and potentially cryptocurrencies. I don’t think today’s move is particularly meaningful for Shiba Inu or Polkadot because they’re just following the market overall. If the crypto market comes to life again and trading revenue increases, xcritical could have a much better second half of the year than investors expect. The shiba inu coin was launched in August 2020 by the mysterious creator, known as Ryoshi. Shiba Inu has no backing from venture capital firms, only retail and institutional investors.