Shiba Inu (SHIB) is back on the top 10 purchased tokens among the 500 biggest ETH whales in the last 24 hours, according to ETH whales tracker WhaleStats which CoinQuora reported yesterday.
This update came on the heels of an Ethereum whale reportedly buying 4 trillion SHIB tokens ($134 million) in a single transaction and following this huge transaction, the SHIB price rose by 10% in the last 24 hours. At the moment, it is unclear who the whale is or why they are buying so many SHIB tokens. This buying activity comes after a period of relatively stable prices for Shiba Inu. SHIB is also the most traded and biggest token held among the top 1000 ETH wallet with some of them also bagging new project tokens like Sand, Solis, Apecoin, based on WhaleStats’ data. On the other hand, large investors typically average their holdings when they suffer losses to break even when or if the assets recover. The community has seen a lot of buying from whale addresses as a result. CoinQuora also mentioned that Shiba Inu has made significant progress in the commercial sector, working with prominent industry professionals.
Earlier, SHIB teamed up with AMC, the largest movie theater chain in the US, to support Shiba Inu payments. Could SHIB become a payment method like BTC?
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