FTX Beats Out Shiba Inu To Become New Ethereum Whale Favorite
FTX has now become the top favorite among Ethereum whales. The spot which had been religiously held by meme coin Shiba Inu had been overtaken by the crypto exchange token which had been making waves in the industry. Multiple large buys from ethereum whales have shown bullish trends towards the digital asset as they continue […]
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Shiba Inu still remains a whale favorite going by the activities of the top Ethereum whales in recent days. These whales seem to be undeterred by the low prices of the meme coin and rather continue to buy the digital asset in the millions. The latest purchase from an Ethereum whale has the community at the edge of its seat as one whale singlehandedly bought almost $5 million worth of the cryptocurrency, showing that interest in it has far from waned. Ethereum Whale Hoards SHIB A report from WhaleStats showed an enormous Shiba Inu purchase by an Ethereum whale. This whale known as....
BlueWhale0073, an Ethereum investor, continues to invest in Shiba Inu, purchasing 219 billion meme tokens. The whale also made a purchase of 50 billion SHIB on 20th April. His most recent acquisition of the canine cryptocurrency is almost 5x bigger than the one made last week. WhaleStats has confirmed that an impressive amount of SHIB (219,332,229,787) equivalent to $5,454,792 was sent to the whale’s wallet. He had earlier added 86 billion SHIB worth $2,111,500 to his wallet on April 23. Related Reading | Dogecoin (DOGE) Jumps 30% After Elon Musk Buys Twitter The owner of the....
Shiba Inu has not been doing very well recently in the market, but that has not stopped the meme coin from being a favorite in the market. Investors had poured into the coin following its rallying to a new all-time high in October and have since maintained support for it. SHIB had lost its footing at this high price, dragging it out of the crypto top 10. However, the meme coin remains one of the most popular crypto coins in the market. The watch-list on CoinMarketCap is a feature that allows investors to choose the assets they want to keep an eye on as the market evolves. The top....
Meme coin Shiba Inu has held up better than expected, but the digital asset is still down considerably from its all-time high. However, this has not stopped the development that has been going on behind the scenes, and now SHIB developers have begun to share the products that they have been working on. These, and others, have shown a promising future for the digital asset, but some show some possible upside for SHIB this week. A Game, A Whale, And A Burn The past week has been an interesting one for Shiba Inu. First, lead Shiba Inu developers announced that the SHIB Eternity game was....
The meme coin currently under the spotlight for its token-burning campaign hit a new burn rate high this Monday. Shiba Inu, the dog crypto, burned close to 200 million coins within the last 24 hours. According to SHIB Burn data, the burn rate of Shib tokens has spiked by about 3000% in the space of 1 day. Furthermore, most of the tokens sent to Shiba Inu’s burn wallet are from individual whale accounts. This burn initiative has taken off big since the beginning of this month. More than 500 million tokens went out of circulation in the first week. At this rate, it is possible the burn rate....