Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
While SHIB adoption continues to expand, a "Tolkien" whale has been buying another massive amount of SHIB in the past two days, making it 105 billion tokens, according to WhaleStats.
In the meantime, SHIB has been added to more ATMs, and more than 300 franchise requests have been received by Welly's SHIB fast food chain.
Whale gobbles 105 billion SHIB as it remains top whales' largest holding
As per tweets posted by WhaleStats crypto tracker, the Ethereum investor ranked 20th on the list of the top 100 ETH whales provided by the service, "Bombur" purchased a total of 54,045,382,286 SHIB earlier today and acquired a similar amount of 50,992,035,458 Shiba Inu tokens.
All in all, the investor paid roughly $1.5 million for these two chunks of Shiba.
? ETH whale "Bombur" just bought 54,045,382,286 $shib ($1,323,030 USD).
— WhaleStats - BabyWhale ($BBW) (@WhaleStats) April 22, 2022
Ranked #20 on WhaleStats: https://t.co/3ADbDHvWPW
Transaction: https://t.co/zAWZEbCRZI#SHIB #ShibArmy
Meanwhile, SHIB remains the biggest holding of the top 100 whales on the Ethereum chain, being its largest holding by USD value. Overall, these investors keep slightly over $1.3 billion worth of Shiba Inu in their wallets. It should be noted that this amount has been gradually shrinking this week as whales have been gradually selling and converting the cash into other cryptos.
SHIB adoption expands more widely
Over this week, Shiba Inu adoption has received a major boost. In particular, the second largest canine coin can now buy you a Porshe from Porsche Towson—the company's only dealer in Baltimore.
Besides, SHIB will be added to more crypto ATMs that belong to the Bitcoin of America chain. As for the food industry, Welly's, an Italian fast food chain based in Italy that chose SHIB as its mascot, has announced that it has received more than 300 franchise applications recently.
Tomiwabold Olajide
Godfrey Benjamin
Gamza Khanzadaev
