One of the biggest Shiba Inu (SHIB) whales has turned to another little-known altcoin as it raises its holdings to five trillion tokens.
As reported by WhaleStats, a crypto whale with five trillion Shiba Inu tokens has expanded its holdings with a recent purchase. According to a recent tweet by the tracking platform, whale 2,810,227 is ranked 30th among the top 1000 ETH wallets tracked by the blockchain data tracker. Polymath (POLY)
he bought. This amount was equivalent to $1,170,285 at the time of the transaction.
🐋 An ETH whale just bought 2,810,227 $poly ($1,170,285 USD).
Ranked #30 on WhaleStats: https://t.co/3ADbDHvWPW
Transaction: https://t.co/uVuDibTSEk#POLY #ERC20 #DEFI #ETH #whalestats
— WhaleStats – the top 1000 Ethereum richlist (@WhaleStats) February 3, 2022
Polymath (POLY)is an Ethereum-based ERC-20 token that supports the Polymath protocol, which allows users to issue securities in the form of cryptocurrency tokens.
Currently ranked 171 on CoinMarketCap with a live market cap of $364,023,608, POLY is trading at $0.419069, up nearly 3 percent in the last 24 hours at the time of writing. POLY has a circulating supply of 898,550,830 coins and a 24-hour trading volume of $53,121,912.
But detailed data provided by WhaleStats shows that the whale is still mostly betting on the Shiba Inu. With five trillion tokens ($94,180,784) alongside the Twitter DAO, SHIB is seen as the largest token held by the whale in question.
A surprise announcement came from Shiba Inu
As previously stated by KoinFinans; In a new Twitter post, SHIB announced its partnership with an Italian fast food restaurant called Welly’s. The company continues to go through a complete rebranding as Welly’s adopts the Shiba Inu dog as its new mascot and will use a new slogan honoring Ryoshi, the anonymous creator of the meme coin. In addition, the company’s menu and marketing strategy were revised.
🍔 SHIB x WELLY’s 🥬#ShibArmy join us in welcoming @wellyfriendsour newest partnerSHIB!#ShibFoodie #ShibWellys #partnership #Shib pic.twitter.com/eP694uz6Ye
— Shib (@Shibtoken) February 2, 2022
The SHIB cryptocurrency will be accepted in the enterprise along with its biggest competitor, the meme cryptocurrency Dogecoin.
Although the Shiba Inu did not mention this deal openly, he did give hints to the community that it was coming. In the teaser, which featured SHIB on various TV screens and published by the official Twitter address of the cryptocurrency, users were asked to guess what this collaboration was.
Thousands of answers SHIB’s; He was hinting at possible collaborations with McDonald’s, Burger King or KFC. The SHIB team has recently rolled up their sleeves to develop the platform. Almost every day, news of a new development or partnership in the meme cryptocurrency comes in. As an example, the SHIB team recently unveiled SHIBerse and claimed it would be an immersive experience for the Metaverse and Shiba Inu community.
SHIB is trading at $0.00002055, slightly lower at the time of writing.
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.