One of the largest Shiba Inu whales has bought even more SHIBs in addition to the current $1.2 billion. On the other hand, Dogecoin, one of the popular altcoin projects, became the most traded token in BSC after the statements of Elon Musk, and within minutes, DOGE saw over $ 4 billion in funding.
2 Altcoin projects attracted attention
Shiba Inu holders and long-term investors do not seem bothered by the token’s performance and decide to buy more cryptocurrencies than they had before. One wallet added $5 million in SHIB to its existing $1.2 billion positions. The biggest Shiba whale is buying more. In addition to the Shiba Inu, Whale owns the less popular “American Doge” token and CRO worth $1.4 billion and $400 million, respectively. While much of the market has been consistently falling, the Shiba Inu has seen movement relatively steadily.
On the other hand, the meme coin has once again returned to the top 10 cryptocurrencies by market cap, after Tesla CEO Elon Musk announced that some of the company’s “goods” would be made available for purchase with Dogecoin on December 14. Musk, a famous Dogecoin proponent, made the news in a tweet via his Twitter account, which caused the cryptocurrency to rise from $21.20 billion to $25.83 billion in 6 minutes, valuing $4.63 billion. It’s also worth noting that in a recent interview with Elon Musk, he commented on the benefits of Dogecoin versus Bitcoin as a transactional currency: “Basically, Bitcoin is not a good alternative to transactional currency. Although it was created as a silly joke, Dogecoin is better suited for transactions,” Musk said.
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