Wednesday, November 30, 2022
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Ethereum Whales Increasing Holdings in Shiba Inu

The top 500 Ethereum whales have increased their holdings in the meme coin Shiba Inu. They now have SHIB tokens worth about $193 million. These whales have bought millions of SHIB in the last one day. SHIB ranks fourth among the top 100 Ethereum whales holdings.

USDC, USDT and stETH have been followed by SHIB among the top 100 Ethereum whales holdings over the past few weeks. SHIB price hiked by over 36% this month fast I have come. It reached $0.000001768 at the end of last week. However, since then it has been in a range trade doing. Influencer Dav and former US Congressional candidate David Gokhshtein tweeted that he expects another stir at Shiba Inu soon. He said earlier that it could reach $0.001 but it is not expected to go to a dollar.

The team of Shiba Inu has introduced the game related to it, Shiba Eternity. With this the interest of Ethereum whales has increased regarding this token. Data from WhaleStats shows that SHIB is among the most used smart contracts for its large holders. Ethereum whales tend to intensify their buying when new information about the Shiba Inu emerges. SHIB is also being accepted by many retailers as a payment option. Its trading has also increased with Shibarium, the layer 2 solution of this mime coin.

More than one lakh virtual plots have been sold on the Metaverse of this meme coin. Some of these plots will be used for roads, grounds and other public purposes. These Metaverse plots were priced between 0.2 and 1 ETH. Initially 36,431 plots were unlocked. In terms of price, these plots are divided into four categories – Silver Fur, Gold Tail, Platinum Paw and Diamond Teeth. Its team decided to use a neutral cryptocurrency as a land pricing token. This will prevent the risk of falling coins belonging to Shiba, SHIB, LEASH and BONE.

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