Shiba Inu Whale Buys $26M worth SHIB amid new listing news


According to the data on Etherscan.io, the 8th largest Shiba Inu (SHIB) whale purchased $26.1 million worth of SHIB tokens. The whale’s address added 2.80 trillion SHIB tokens, bringing the total to 13.93 trillion. The value of the SHIB tokens held by the whale is an eye-watering $129.48 million.

Source: Etherscan.io

On November 9th, 2022, this whale purchased 130 billion SHIB tokens for $1.20 million in a single transaction. The whale added another sizable piece the following day, totaling 120 billion SHIB and costing $1.11 million. The whale purchased 3.05 trillion Shiba Inu tokens in the last 30 days, worth a staggering $28.30 million.

However, in contrast, the top Ethereum whales are decreasing their SHIB holdings. According to Whalestats, Shiba Inu (SHIB) only makes up 3.26% of the total holdings of the top 100 Ethereum whales.

Source: Whalestats

The decrease in Shiba Inu holdings is most likely due to the general bearish sentiment in the crypto market.

Other Shiba Inu developments

SHIB was recently listed on a Japanese crypto exchange for the first time. If that was not enough, another Japanese exchange, OKCoin, has announced that it will list the popular canine-themed crypto in February of 2023.

The SHIB team is also working on its metaverse initiative, SHIB: The Metaverse. The team has just released some more pictures of the WAGMI Temple, which is a part of the virtual land. SHIB developer Shytoshi Kusama hinted on Discord that the metaverse might be built using Unreal Engine 5.1.

Moreover, the Shiba Inu community is hyped beyond measure for the upcoming layer-2 launch, Shibarium. The entire SHIB ecosystem might be getting an upgrade before the launch, as teased by another developer, “Trophias.” As per the developer, the launch will happen in phases to help with content flow.

At press time, SHIB was trading at $0.00000931, up by 1.3% in the last 24 hours.