Monday, September 26, 2022

Large Ethereum Whales Increasing Buying in SHIB, Large Ethereum Whales Increasing Buying in SHIB

Ethereum whales are on the rise in the meme coin Shiba Inu. The positions of the top 100 Ethereum whales show that they hold around $19 million worth of SHIB tokens. This is the largest holding of these whales excluding stablecoins. The share of SHIB in their portfolio is around 6 per cent.

In addition, the 2,000 largest Ethereum whales hold SHIBs worth approximately $66 million. This holding may increase further as SHIB has gained about 40 per cent in the last few days. Ethereum for the past several months whales Has increased the purchase of SHIB. The whales who bought SHIB about three months ago are in profit. This mime coin has crossed the crucial level of $0.000014 and the next target for this is the price of $0.00002. If the buying trend of whales continues, then its price can get good support.

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The team of Shiba Inu has introduced the game related to it, Shiba Eternity. Along with this the interest of Ethereum whales has increased regarding this token. Data from WhaleStats shows that SHIB is among the most used smart contracts for its large holders. Ethereum whales tend to intensify their buying when new information about the Shiba Inu emerges. SHIB is also being accepted by many retailers as a payment option. Its trading has also increased with Shibarium, the layer 2 solution of this mime coin.

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More than one lakh virtual plots have been sold on the Metaverse of this meme coin. Some of these plots will be used for roads, grounds and other public purposes. These Metaverse plots were priced between 0.2 and 1 ETH. Initially 36,431 plots were unlocked. In terms of price, these plots are divided into four categories – Silver Fur, Gold Tail, Platinum Paw and Diamond Teeth. Its team decided to use a neutral cryptocurrency as a land pricing token. This will prevent the downside risk of Shiba-linked tokens, SHIB, LEASH and BONE.

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