Mysterious Whale added $6 million worth of Shiba Inu (SHIB) to her portfolio in the past 24 hours.
Whale Alert, a leading blockchain tracking platform, revealed that the enigmatic Whale purchased 708,416,119,061 (708.41 billion) Shiba Inu tokens, valued at $5,991,429 ($5.99 million) from Gemini, a New York-based cryptocurrency exchange. Per Etherscan.io data, the massive accumulation occurred via a single transaction executed about 14 hours ago from press time.
— Whale Alert (@whale_alert) August 23, 2023
The development comes days after the 25th biggest SHIB holder added 4,669,778,173,637 (4.66 trillion) SHIB, worth $38,707,791 ($38.70 million) to her portfolio in one transaction.
The top Shiba Inu investors collectively accumulated a staggering 5,378,194,292,698 (5.37 trillion) SHIB, worth $44,699,220 ($44.69 million), through two individual transactions in the past seven days.
Shiba Inu is gathering significant attention from investors and exchanges worldwide following the launch of the much-awaited Shibarium – Layer 2 solution. CoinMarketCap, the world’s leading crypto data aggregation platform, currently ranks Shiba Inu token as the third most trending cryptocurrency globally. It follows closely behind CyberConnect (CYBER) and Bitcoin (BTC).
As reported earlier by The Crypto Basic, Bitget, a Seychelles-based cryptocurrency exchange, has also highlighted the soaring interest in SHIB via Google Trends.
In addition, WazirX, India’s premier crypto trading platform, has recognized Shiba Inu as the fifth most traded cryptocurrency on their exchange for July. This places SHIB alongside top players such as Tether (USDT), Bitcoin, Ripple (XRP), and WazirX (WRX).
Top five traded coins on WazirX in July:
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) August 3, 2023
Furthermore, Shiba Inu’s mainstream adoption received a monumental push as Binance introduced its crypto payment service, Binance Pay, in Brazil, forging partnerships with a few partners, including WordPress. This move enables merchants across Brazil to accept SHIB as a payment method.