Whales’ accumulation of Shiba Inu continues to soar.

Ethereum whales’ appetite for Shiba Inu (SHIB) does not seem to be fading any time soon, as another large holder recently purchased a large amount of the cryptocurrency. 

According to WhaleStats, a cryptocurrency data provider that tracks the activities of the top 5,000 Ethereum wallets, and ETH whale named BlueWhale0073 has bought over 700 billion units of Shiba Inu coins in a single transaction.

Per the data, BlueWhale0073 bought a massive 775,473,150,952 SHIB worth around $20,697,378 ($20.6M) at the time of the purchase. 

Following the groundbreaking purchase of Shiba Inu coins by BlueWhale0073, the Ethereum whale trader is currently ranked the 12th largest holder in the WhaleStats ranking. 

“ETH whale “BlueWhale0073” just bought 775,473,150,952 $SHI ($20,697,378 USD). Ranked #12 on WhaleStats,” the cryptocurrency aggregator platform tweeted in the early hours of today. 

????? ETH whale "BlueWhale0073" just bought 775,473,150,952 $shib ($20,697,378 USD).

Ranked #12 on WhaleStats: https://t.co/RBupemZyZX

Transaction: https://t.co/6w1imobFv5#SHIB #ShibArmy

— WhaleStats – BabyWhale ($BBW) (@WhaleStats) April 13, 2022

Looking deep into the Whale Wallet, we found that besides SHIB, the whale is holding Polygon (MATIC), Chainlink (LINK), Uniswap, and two stable currencies, Tether (USDT) and USD Coin (USDC).

SHIB Surged Over 30% in 24 Hours

It is worth noting that the development came hours after the value of Shiba Inu surged above 30% following the listing of the coin on the Robinhood trading platform. 

The coin, which was trading around $0.00002201, soared to a high of $0.00002870 when the news of the Robinhood listing became public. 

Interestingly, whale traders who have been buying the cryptocurrency over the past month were heavily rewarded with major profits following the surge in the coin’s value. 

However, not too many Shiba Inu whales benefited from yesterday’s rally as they continue to increase their holdings and prepare for another imminent rally that can take place at any moment. 

Ethereum Whales Show Massive Interest in SHIB

The number of Ethereum whale addresses accumulating the dog-themed cryptocurrency has been increasing in recent times. 

As reported yesterday, two big Ethereum whales, Light, and Bombur bought a massive 393 billion Shiba Inu coins moments before the cryptocurrency gained 30% as a result of Robinhood listing. 

The reason for this massive interest in SHIB is not far-fetched, given that the project’s developers are working round the clock to launch operational initiatives that confirm the cryptocurrency is no longer a meme coin. 

Earlier today, Shiba Inu developers announced that investors can now participate in early access to its plots of land sales. 

Shiba Inu Launches Early Access to Purchase Land in Its Metaverse, Lists Utilities of $SHIB in the Project.

⛰ #ShibArmy, the wait is finally over – We are excited to announce that the first early access BID EVENT is now LIVE at https://t.co/w29zPzzQde

Important: In order to participate in this early access event, you must have $LEASH or SHIBOSHI locked and utilize the locking system. pic.twitter.com/tMvpfgsrVu

— Shib (@Shibtoken) April 13, 2022

Developers of Shiba Inu metaverse project, SHIB: The Metaverse, have finally launched the first early access to its virtual reality plots of land today. 

The first early access to the Shiba Inu virtual reality plots of land dubbed Bid Event will grant Shiboshi and $LEASH holders who participated in the project’s locker program that commenced over the weekend. 

Details of the Auction

According to details of the Shiba Inu land auction, the bid event will last for the next 72 hours, giving Shiboshi and LEASH participants the opportunity to bid for the available plots of land in the virtual reality project. 

Of the total 100,595 plots of land in the Shiba Inu metaverse, 36,431 plots will be made available for the early stage. 

These plots of land will further be divided into four tiers namely Diamond Teeth, Platinum Paw, Gold Tail, and Silver Fur. 

The initial price of the Silver Fur is 0.2 ETH, while the prices of Gold Tail, Platinum Paw, and Diamond Teeth prices are set at 0.3 ETH, 0.5 ETH, and 1 Ethereum, respectively.

Procedures for Buying Shiba Inu Land

After a user places a bid for a particular plot, and the initial bid is not surpassed by another within 72 hours, the land is automatically given to the user with the highest. 

Upon completion of the 72 hours from the time Shiba Inu developers announced the commencement of the Bid Event, any plot of land available in the early stage will be rolled over to the second sale event dubbed Holders Event, which will commence immediately after the Bid Event. 

SHIB’s Utility in the Metaverse

While the initiative did not seem to favor SHIB holders, the developers of the project have added several utilities for the cryptocurrency to boost its value within the metaverse. 

SHIB will also be used to lease HUBS. HUBS are the highest valued lands (blocked/reserved spaces) in the entire space. You will be able to access an inquiry form, for intake, to partake in such a purchase/lease agreement, and work directly with a team member during the process.

SHIB will be used to customize the purchased plots of land to suit the identity of the buyer, including renaming the land, as well as adding pictures and logos. 

According to the developers, the customization of purchased land using SHIB will commence from the third sale event, the Public Sale. 

It is worth noting that the use of SHIB in the metaverse is part of efforts to burn its total supply and ultimately boost its value. 

Recall that SHIB value soared above 30% as the popular cryptocurrency trading app Robinhood announced its listing on the platform.

Robinhood Finally Lists Shiba Inu. How high will the price go?

Robinhood Markets Inc. has finally listed the top meme token Shiba Inu. The listing announced today includes three other cryptocurrencies, namely Solana (SOL), Polygon (MATIC), and Compound (COMP). This is one of the rare occasions Robinhood has listed tokens on its platform.

“As a safety-first company, we have a rigorous framework to help us evaluate assets for listing. We remain committed to providing a safe and educational crypto platform,” Robinhood’s chief brokerage officer, Steve Quirk, explained in the company’s post-Tuesday. 

The post also added that while “Buy” and “Sell” functions have been enabled, users will not be able to deposit or withdraw the newly added tokens immediately. The listing is coming on the heels of Robinhood’s announcement last week that it had activated its crypto wallet for 2 million “eligible” customers, thus boosting the investment app’s capacity for digital asset transfers.

A dream come true for SHIB investors and supporters

Shiba Inu supporters and investors have long agitated for the listing of the meme token on Robinhood. Though it often came close to getting listed, the platform did not record SHIB until now. The listing, however, is a dream come true for this group of people, and they must be looking forward to a great future now that it is done. 

SHIB investors see massive potential in a Robinhood listing. Robinhood listing will expose the platform’s over 22 million verified users to the SHIB. Naturally, this will potentially increase the demand for the token, which will, in turn, boost the price. Indeed, a mere rumor of the meme token’s listing on Robinhood has led to a 16% jump in its worth in the past. 

This time, it seems to be a big deal even for the investment app as it is giving away $100,000 worth of the asset to its users.

SHIB is up 17% following news of the listing

SHIB seems to have been affected positively by announcing its actual listing on Robinhood. The asset has gone up more than 17% at the time of writing this report, only a few hours following the development.

The real question is how long this rally will last and how high it will take the price. Many analysts have denied any possibility of SHIB’s price going higher because of the high market cap. However, the project has burnt millions of tokens recently to reduce the circulating supply to increase the price. It remains to be seen if this succeeds or not.

On the other hand, Robinhood deals with 22.5 million users on its platform monthly. Exposing shib to many investors can increase buying pressure and positively help shib price, especially when a coin like shib has one of the strongest communities.

Long Term Shiba Inu Holders Increase Holding By 57% In 30 Days.

Long-term Shiba Inu (SHIB) holders are reaping the fruits of their undying support for the dog-themed cryptocurrency project, following a listing of the digital currency on Robinhood. 

According to data published by popular cryptocurrency analytic data platform IntoTheBlock, addresses holding Shiba Inu for over a year had increased their balance of the coin by 57% in the past 30 days. 

Diamond Hands win$SHIB Hodlers remain unfazed and accumulated during the past weeks and it's paying off with today's Robinhood announcement

– Addresses holding SHIB >1yr increased their balance by 57% in just 30 days
– They now hold 2.82% of the supplyhttps://t.co/zAGHgiM8Qo pic.twitter.com/iwkGVVzMx9

— IntoTheBlock (@intotheblock) April 12, 2022

Following the massive accumulation of the 15th largest cryptocurrency, addresses in this category now hold 2.82% of Shiba Inu total supply. 

As reported on The Crypto Basic, Ethereum whales have seized every opportunity to increase their SHIB holdings, with billions of the cryptocurrency added at intervals. 

Many thought these traders had lost their minds given that the Shiba Inu team seems to have neglected SHIB in its recent development, especially as holders of the cryptocurrency were denied from purchasing land in its metaverse. 

Interestingly, traders were heavily compensated after Robinhood added support for SHIB, pushing its price to a high of $0.00002874 over the last 24 hours. 

SHIB, which fell to a low of $0.00002201 earlier today, is up over 30% in the last 24 hours, with traders who bought the coin in the past month being the major beneficiaries of the surge.