You have big players and you have big players. The one we are discussing today is a very big player, because he (or she) bought 99 billion Shiba Inu tokens in one fell swoop. At current exchange rates, this is a purchase of approximately $1.05 million. You have to dare with such a meme token!
Giant Ethereum whale
The purchase comes in the name of a giant Ethereum whale, namely the 254th largest wallet on the blockchain called “BlueWhale0073.” For many people these are amounts they want to work towards at some point in their lives, but for some it is the reality from a very young age.
The purchase of the whale follows a recent partnership between Shiba Inu’s metaverse project, International Women of Blockchain (IWB) and NowPayments to boost women’s presence in the crypto industry.
Based on WhaleStats data, Shiba Inu remains an important coin for the planet’s 2,000 largest Ethereum whales. Together they now have about $600 million worth of Shiba Inu in their wallets. Those are not ridiculous amounts.
The arrival of Shibarium
The emergence of Shibarium, a so-called second layer on Shiba Inu, seems to be the cause of the interest of whales in the project. Shibarium’s public test network sets new records almost every day and proves to be extremely popular.
For example, Puppynet has 200,000 wallet addresses and has already processed more than 1 million transactions. That marks a significant increase compared to a few days ago.
That’s not the only thing positive about Shiba Inu. The community also ensures that the amount of Shiba Inu in circulation decreases significantly. For example, how about Koyo (KYO) that burned 794.85 million Shiba Inu in one transaction?