Whales are not holding back, as they keep adding Shiba Inu.
The 32nd Biggest Shiba Inu holder spent $2.50 Million to buy a considerable amount of the world’s second-largest canine-themed cryptocurrency Shiba Inu.
Etherscan.io recently reported that the 32nd largest Shiba Inu Whale had increased her Shiba Inu holdings by adding a whopping 205,815,302,436 (205.81B) SHIB, worth $2,506,829 ($2.50M) to her wallet via two momentous transactions in the past 24 hours.
The Whale executed her first transaction about 9 hours ago and added 3,377,077,506 (3.37B) SHIB, worth $41,132, to her wallet. To further increase her SHIB holdings, the deep-pocketed investor went for a second transaction and accumulated a staggering 202,438,224,930 (202.43B) SHIB, worth $2,465,697 ($2.46M).
Following the massive accumulation, the major Shiba Inu Whales’ holdings increased to 2,831,752,649,076 (2.83T) SHIB, worth $34,235,889 ($34.23M).
The Whales’ investment comes after Binance boosted Shiba Inu’s mainstream adoption by partnering with France-based crypto hardware wallet provider Ledger. Through this partnership, verified Binance users could purchase over 80 cryptocurrencies, including Shiba Inu, using fiat via their bank cards, including Visa and Mastercard.
Binance also added Shiba Inu to Binance Pay on Nov 1, making millions of merchants worldwide accept Shib as payment.
Despite these developments, Shiba Inu remains on the back foot and is trading at the price of $0.0000122, down -4.08% over the last day, with a 24-hour trading volume of $655,016,126 ($655.01M).