Shiba Inu (SHIB), a meme coin that is quite popular with whales. However, it had been a long time since a new SHIB whale appeared. It was finally expected and a new SHIB whale recently bought 3 trillion meme coins worth $34.88 million. took.
🚨 🚨 🚨 3,388,119,787,804 #SHIB (34,887,130 USD) transferred from unknown wallet to unknown wallethttps://t.co/CkmBbOQoRh
— Whale Alert (@whale_alert) October 18, 2022
According to Whalestats, Shiba Inu is currently the second most held token (excluding stablecoins) among the top 100 Ethereum whales. Lido Stake Ether (stETH) is in the top spot.
Why Are Whales Interested in Meme Coin?
It might be a logical move for the whales to get as many SHIBs as possible before the launch of the Tier 2 Shibarium.
Koinfinans.com As we reported, tier 2 of the Shiba Inu was scheduled to be released in the 3rd quarter of 2022. Unfortunately, the team delayed the launch to an undisclosed later date. However, many expect the team to release documentation for tier 2 very soon. The launch of Shibarium will result in a reduction in transaction costs and an increase in speed. It’s normal for this to raise expectations.
Besides these, Shiba Inu was recently rated as the second safest crypto by CertiK. However, SHIB has come a long way in its 2-year journey. The project, which has made a name for itself with many innovations, has never been this close to losing the “meme coin” label. SHIB has always wanted to be taken seriously and with upcoming launches, people can see a new light in meme coin.
The price of the Shiba Inu is not as impressive as the launch of the project. SHIB continues to struggle, as with other cryptocurrencies.
Burns in the last 24 hours
A tracking platform where the amount of SHIB tokens burned by the Shiba Inu community can be tracked, which is actively burning SHIB. shibburn According to data shared by the website, the Shiba Inu Community has burned 3,465,956 (3 million) SHIB coins in 6 different burns over the past 24 hours. This amount is 92% lower than the previous day.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.