- Shiba Inu’s billionaire addresses are quietly growing holdings, boosting the SHIB ecosystem.
- A new whale address has accumulated over 4 trillion SHIB tokens, worth over $32 million.
- The Shiba Inu community eagerly awaits the launch of Shibarium on the mainnet.
Shiba Inu’s billionaire addresses are quietly growing their holdings, providing a significant boost to the Shiba Inu ecosystem. According to data from on-chain analytics firm IntoTheBlock, addresses owning between 100 billion to 1 trillion SHIB have increased their holdings by nearly a whopping 11% in the last 30 days. This suggests a steady accumulation by these holders, which is a positive sign for the SHIB ecosystem.
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In a recent development, a new whale address has accumulated over 4 trillion SHIB tokens, worth over $32 million. This massive purchase led to an over 5% price surge in SHIB, indicating the impact of this massive token acquisition by the anonymous whale. The transaction, first reported by Whale Alert, took place on July 14, with the funds transferred from an exchange wallet to a newly-activated address.
The Shiba Inu community is eagerly awaiting the launch of Shibarium on the mainnet, which is expected to provide a fundamental boost to Shiba Inu ecosystem tokens (SHIB, BONE, and LEASH). The anticipation of further price gains could be a possible reason for the whale’s massive SHIB purchase.
Looking ahead, the future of the Shiba Inu Network in the crypto space seems promising. With the growing interest in digital assets and the potential for further development, the Shiba Inu Network is set to make significant strides in the global financial landscape. The recent whale activity suggests strong institutional interest in SHIB, which could help drive prices higher in the coming days and weeks.
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