2.5 Trillion Shiba Inu (SHIB) Grabbed by Top Whales Overnight, Here's What Happened

2.5 Trillion Shiba Inu (SHIB) Grabbed by Top Whales Overnight, Here’s What Happened

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Yuri Molchan

SHIB whales proceed aggressive accumulation of their favourite meme cryptocurrency


Data supplied by the WhaleStats pockets tracker reveals that over the previous 24 hours, the highest whales on the Ethereum chain have drastically elevated their Shiba Inu stash, including trillions of meme tokens to it.

$31 million price of SHIB added to wallets

According to WhaleStats, over the previous 24 hours, the USD price of Shiba Inu, the second hottest meme coin when it comes to market capitalization, spiked from $578,489,756 to $624,917,962.

This means their collective SHIB stash has elevated by 2,534,750,613,246 Shiba Inu. Thus, the meme coin continues to carry the third place of prime holdings, going after Ethereum and the USDT stablecoin.

Image by way of WhaleStats

Shibarium launch anticipated on Valentine’s Day

As reported by U.Today earlier, lead developer of Shiba Inu Shytoshi Kusama added a textual content to his bio on Twitter that urged that the ultimate steps towards launching the beta model of Shibarium are being taken proper now.

In that textual content, he talked about a “heart-shaped field,” by which Shibarium shall be offered to the group. Many distinguished SHIB accounts took this imprecise trace as the precise day of launch — February 14, Valentine’s.

On this information, each SHIB and BONE tokens surged in value. SHIB added practically 6% up to now 24 hours, now buying and selling at $0.00001211.

BONE is the token that can energy transactions on Shibarium, it surged to an area excessive of $1.5, additionally including new customers to a complete rely of greater than 28,000.