A mysterious wallet has moved $12.15 million to $1.06 trillion Shiba Inu (SHIB) to popular crypto exchange Coinbase. Meanwhile, SHIB’s moves toward mainstream adoption continue. Here are the details…
Record amount of SHIB transfers to Coinbase
In a record transaction, a mysterious wallet transferred $12.15 million worth of Shiba Inu (SHIB) to Coinbase. The trade took place after the price of the Shiba Inu retraced from the critical resistance level located at $0.00001157. Whale Alert reported that the mystery wallet transferred 1.06 trillion SHIB to Coinbase, the largest cryptocurrency exchange in the United States by transaction volume. Powerful transfer done in a single transaction a few hours ago.
The transfer took place shortly after the Shiba Inu retraced from the $0.00001157 level. Since September 24, SHIB has been trading sideways in a narrow price range stretching from $0.00001077 to $0.00001157. On October 5, the most popular dog-themed cryptocurrency experienced a significant increase in its daily trading volume. It registered a two-week high of $0.00001178 while trying to pierce the lock barrier. But unfortunately it failed to stabilize its value and fell back a bit.
Shiba Inu as a payment method gains momentum
On the other hand, acceptance of the Shiba Inu (SHIB) as a payment method in online stores is increasing exponentially. As interest in dog-themed cryptocurrency grows, online businesses are left with no choice but to support Shiba Inu payments. Interestingly, non-online-only businesses also recognize the potential of the Shiba Inu. It integrates cryptocurrency into supported payment options lists. Thanks to NOWPayments, at least 10 businesses now support Shiba Inu payments for their products and services.
According to NOWPayments, the 10 physically operating companies that accept Shiba Inu payments include Gucci, Porsche Towson, Vegas Auto Gallery, Rooms-to-Go, Kandy Skulls Ink, Amsterdam Vintage Watches, The Edit LDN, Jacob & Co, Underground Cigars and Lamborghini Austin. The low-cost transactions, fast payments, widespread popularity of the cryptocurrency stand out. Given these factors, it’s not surprising to see many businesses adopting the Shiba Inu.
Currently, the world’s second largest meme coin by market cap is up 2%. It changes hands at $0.000011538. It ranks 12th with a market capitalization of $6.8 billion. The change in SHIB in 7 days is 3.6%. In the last 24 hours, altcoins in the market are showing a larger rise overall. Therefore, the increase of SHIB lags slightly behind.
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