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MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Shiba Inu falls after $2.3B of SHIB moved from whale wallet

The billionaire whale moved $2.3B worth of SHIB to four different wallets and some investors are getting nervous.

The price of Shiba Inu has fallen 11% after a series of transactions from the whale wallet that famously transformed a $3400 purchase last August into $1.55B.

On November 2, the whale moved ten trillion, one hundred thousand Shiba Inu tokens to four separate wallets. Each transaction was worth approximately $586M USD, totaling about $2.3B USD.

After the wallet was first identified, social media users speculated that the owner may have forgotten or lost their key, given the lack of activity in the wallet since last year.

But with the whale waking up, the transactions have prompted some fear in the community that the holder is preparing to sell his tokens. The whale owns such a large percentage of the supply, that any liquidation could potentially prompt a massive price plunge.

“If he decided to sell these bags, SHIB would plummet -99.99% to zero,” tweeted financial analyst Jacob Oracle.

The movements sparked downward pressure on the price which has fallen 31.2% from its ATH seven days ago and 10.8% in the last 24 hours according to data from CoinGecko.

Read more: Someone bought $3,400 worth of SHIB last August. It’s now worth $1.55 billion

The ownership of Shiba Inu is concentrated, with the top 10 wallets holding almost 72% of the coins in circulation according to CoinMarketCap.com.

The whale’s original wallet still currently holds over $1.8M worth of SHIB.

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