Shiba Inu Whale spends $250k in SHIB on a gift card

More and more Shiba users are using SHIB tokens to buy stuff.

A huge purchase

For example, a Shiba Inu whale bought a gift card worth $250,000 from GiftChill. He paid with SHIB tokens. GiftChill, a gift card company that accepts cryptocurrency, revealed this massive SHIB transaction in a recent press release.

The SHIB payments are supported by NOWPayments, a crypto payment provider and supporter of Shiba Inu. It also supports Solana, Cardano, Dogecoin, Bitcoin, Ethereum, and Kishu Inu.

ShibArmy buys gift vouchers en masse with SHIB

Other than the amount, GiftChill has not disclosed any additional details regarding the massive purchase of the e-gift card by the SHIB whale. Besides the whale, other members of the ShibArmy also bought gift vouchers en masse.

In a press release, GiftChill said its revenues had increased since it began accepting Shiba Inu. GiftChill CEO Lawson thanked the ShibArmy for their support.

“I was not surprised to get such purchases, because the world is evolving and cryptocurrencies have become a reality in this and can be seen as a financial revolution”

Despite the fact that Shiba Inu revolves around Ethereum’s network, it currently has a lot lower transaction costs.

The Shibarmy hopes that the new release of Ethereum 2.0 will lower these costs even more.

More and more people are giving cryptos as gifts

Gifting cryptocurrencies has become quite a trend this holiday season. Robinhood rolled out crypto gifts this month, with some crypto holders choosing to gift assets to random strangers online.

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