Thursday, January 20, 2022
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By Palak Malhotra
Published 47 mins ago Updated 47 mins ago

ETH whales are back at it with Shiba Inu (SHIB) accumulation, pushing the meme token’s price past $0.0004. Earlier today according to WhaleStats it was determined that an ETH whale has bought nearly 54 billion SHIB, amounting to $2 million pushing the meme crypto’s value higher. At press time, Shiba Inu was up by 7.4 percent in past 24 hours, trading at a market price of $0.000038 USD along with the market cap of $21 billion.

However, this is not the first time that ETH whales have been generous towards SHIB. Soon after Shiba Inu reclaimed the first position climbing up from third by dollar value among the top 1000 Ethereum (ETH) wallets, it’s price saw yet another surge last week in lieu of massive whale accumulation.

According to CoinGape’s reportage earlier this week, Dogecoin’s prodigy saw an exceptional 10 percent hike in just 24 hours periods after an ETH Whale added 4 trillion SHIB, i.e., $136 million to its holdings. Furthermore, SHIB even managed to surpass the hike percentage against the OG crypto, Bitcoin ($BTC) with just 6 percent spike, along with Ethereum with 5.7 percent surge in a 24 hours period. According to WhaleStats’ Twitter handle, Shiba Inu is the “most traded and biggest hodling token among the top 1000 ETH wallets”.

Shiba Inu dominance

Shiba Inu has also ascertained its social media dominance after it was declared as the the highest mentioned hashtag over a 72 hour period” earlier this month. Additionally, most recently adding to the long list of its achievements, the token was also listed on Australia’s longest-running crypto exchange, CoinJar. The company noted this addition as “inevitable”, given the token’s undeniable popularity. 

“In retrospect, it was inevitable. SHIB is here – and we’re also adding 6 more tokens to the CoinJar lineup…Starting today you can buy, sell, send and trade Shiba Inu ($SHIB) using your CoinJar Wallet. With CoinJar Card you can even use SHIB to do some last-minute Christmas shopping, which at the very least should give you something to chat about at family lunch.”

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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