New Partnership News from Meme Coin Collected by Whales from the Bottom!

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  • Shiba Inu (SHIB) Despite its poor performance, Ethereum whales have not stopped seeing the price drop as an opportunity to boost their dog-themed cryptocurrency holdings.

Although the market was on the decline, there was a remarkable development and a popular Ethereum wallet owner, nicknamed BlueWhale0073, bought over 147.8 billion Shiba Inu.

Transaction details

BlueWhale0073 paid $1.56 million to purchase this dog-themed cryptocurrency bundle a few hours ago. Interestingly, despite the size of the amount paid to get the cryptocurrency, the transaction cost was only $2.

The development was shared by WhaleStats, a crypto data provider that tracks the activities of the top 5,000 whales on the Ethereum blockchain.

In a tweet shared by WhaleStats today; “ETH whale “BlueWhale0073” just bought 147,846.134,326 SHIB ($1,562.733 USD)” said.

BlueWhale0073 currently ranks as the 312th largest Ethereum whale in WhaleStats’ wallet rankings.

BlueWhale0073 SHIB accumulation

It’s also worth noting that BlueWhale0073 is among the largest whales participating in the enormous deposition of the Shiba Inu.

The whale, which is constantly buying heavily, does not miss the opportunity and takes advantage of the token’s price drop to increase its holdings in its wallet.

Shiba Inu burns rise

At the time of writing, SHIB is trading around $0.00001056, up 1 percent in the last 24 hours. The cryptocurrency has dropped 68.2 percent Year-to-Date (YTD), which has prompted members of the Shiba Inu community to look for ways to increase the token’s value.

One of the most popular methods used by the community to increase the value of the Shiba Inu is the ongoing official burning program.

Since the initiative launched this year, trillions of SHIBs have been burned, hoping the community will bring the price of the cryptocurrency back to its old days.

shib token

Although over 410 trillion units of Shiba Inu have been burned from the circulating supply to date, the community is still very enthusiastic about burning larger quantities of tokens.

It is a monitoring platform that actively burns SHIB and can track the amount of SHIB tokens burned by the Shiba Inu community. shibburn According to recent tweets by the platform, 508.8 million SHIB have been removed from the circulating supply in an average of 15 transactions in the last 24 hours, bringing the total amount of destroyed tokens to 410.3 trillion.

Shiba can now be accepted by merchants thanks to this partnership

The Shiba Inu team has been working hard and continues to delight their fans day by day with new partnership announcements and new uses for the much-loved meme coin.

A popular payment platform for Traders/Merchants NOWPayments‘s customers’ crypto acceptance and withdrawal service switcher It turns out that it will allow it to process payments at SHIB in a partnership with SHIB. The idea is quite simple: buyers for their products SHIB token and sellers will receive fiat money as a result of this transaction. Thus, SHIB fans and investors will now be able to pay in stores connected with NOWPayments and buy more goods without converting cryptocurrencies to fiat.

This new collaboration is expected to provide a huge boost in the usability of the popular memecoin. Thanks to NOWPayments, SHIB usage is increasing in areas such as e-commerce, casinos & gambling, and typical bulk retail purchasing, and even donations on Twitch can now be sent through SHIB.

SHIB reaches the masses

Increased availability, especially through collaboration with major services, a cryptocurrency created to make fun of another famous memecoin, DOGE. SHIB token It is a critical development for The use of meme cryptocurrency as a payment method by major companies is making crypto enthusiasts take the project more seriously.

On the other hand, according to some analysts, the number of coins in circulation is still quite high, and this situation, together with the negative conjuncture established in the crypto market in May SHIB price does not allow it to stop its fall and rise again from the bottom. Despite this, the Shiba Inu team continues to actively promote the project to the masses, as we see every day, and is literally building a bottom for the coin.

You can check the price movements 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.


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