biggest 1000 Ethereum The amount of SHIB held in the whale’s wallets has exceeded 2 billion USD. Whales are ramping up their investments in the joke-based crypto, Shiba Inu (SHIB), and they currently hold over $2 billion in cryptocurrencies.
BREAKING: Value of $SHIB @Shibtoken held by the top 1000 #ETH whales just reclaims $2B 🥳🥳
👉 Specifically $2,761,646,130 (18,260,127,622,912 #SHIB) 🐳🐳
Whale leaderboard: https://t.co/28TDZ6JFiD#ShibArmy #Shiberse pic.twitter.com/aLpn1SkwDm
— WhaleStats – BabyWhale ($BBW) (@WhaleStats) February 17, 2022
Aforementioned SHIB unit was first spotted by on-chain data tracking resource WhaleStats. WhaleStats statistics showed other existing altcoins besides stablecoins, apart from Shiba Inu. Other tokens on board are the FTX token, USDC, USDT, OKB, BEST, MANA, CRO, GALA, and more, to name a few.
Following SHIB on the list FTX tokenwith a growth rate of 14.33%, a striking amount of over $1.7 billion. In addition, USDC stablecoin is in third place with almost 1.1 billion USD and 8.48% growth rate.
The SHIB community also expressed their excitement about the said whale accumulation. The majority of community members expressed their eagerness to see SHIB break more milestones to increase user-based adoption. Also, some traders think that ETH whales may push the Shiba Inu for a new price hike.
The price of the Shiba Inu, on the other hand, has grown over the past few weeks as the project continues to evolve amid a broader cryptocurrency market recovery.
Earlier this month, cryptocurrency community leader Shytoshi Kusama announced that Shiba Inu has a physical outlet in Italy, described as “the first and only community-supported SHIB-themed restaurant.” Welly’s burger announced a partnership with the restaurant. As part of the deal, Welly’s will integrate NFTs and Shiba Inu’s blockchain into its business, while SHIB will handle Welly’s payments. We can say that the community supports the project with great enthusiasm.
Singapore-based blockchain solutions provider, a company that works with companies like Google and Amazon. Unificationannounced that it is working with the Shiba Inu community to develop Shibarium.
Finally, the liquidity of the cryptocurrency was recently bolstered by a listing on Foxbit, one of Brazil’s oldest and most popular cryptocurrency trading platforms.
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.