[ccpw id="39382"]

HomeCrypto NewsMarketMassive Accumulation as Whale Adds 99 Billion Shiba Inu

Massive Accumulation as Whale Adds 99 Billion Shiba Inu


Written By:

Latest News

Massive Shiba Inu Purchase: Major Ethereum (ETH) Whale Buys $1.05 Million worth of SHIB in One Transaction.

WhaleStats, a blockchain-data tracking website, recently reported that the 254th biggest ETH Whale tagged “BlueWhale0073” has just made a massive purchase of 99,297,904,247 (99.29B) SHIB, worth $1,058,515 ($1.05M) in one robust transaction.

This acquisition follows the recent partnership between Shiba Inu’s Metaverse project, International Women of Blockchain (IWB), and NowPayments to promote women’s involvement in the blockchain industry.

According to WhaleStats data, Shiba Inu remains the top holding in dollar value for the 2000 largest ETH Whales, totaling $606,553,503 ($606.55M) held in their wallets.

The Whales’ interest in the most popular canine-themed cryptocurrency Shiba Inu has resurfaced as the Shibarium Public Beta Testnet sets new records almost daily. The Puppynet has reached over 200K wallet addresses with 1,020,387 (1.02M) transactions, a significant increase from earlier reports by The Crypto Basic.

Shibarium Public Beta Testnet Stats
Shibarium Public Beta Testnet Stats

The attention among validators is also increasing, with over 500 validators expressing their interest in joining the network, as per SHIB lead developer Shytoshi Kusama.

But that’s not all – the Shiba Inu community is reducing the SHIB’s gigantic supply by millions daily. In a recent development, Koyo (KYO) burned a whopping 794,858,822 (794.85M) SHIB through one significant transaction.

Adding to the excitement, Shiba Inu launched a new Twitter account for Shiba Inu’s non-fungible token (NFT) Shiboshi on March 28. Within just two days, the SHIBOSHIS account has already attracted 1,521 followers, indicating a strong interest in this new development.

As of press time, Shiba Inu is trading at $0.00001057, down -0.89% over the last day, with a 24-hour trading volume of $159,525,799 ($159.52M).

Follow Us on Twitter and Facebook.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

More from Author