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

Sat, 01/21/2023 - 20:00
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Yuri Molchan
SHIB whales continue aggressive accumulation of their favorite meme cryptocurrency
2.5 Trillion Shiba Inu (SHIB) Grabbed by Top Whales Overnight, Here's What Happened
Cover image via stock.adobe.com

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Data provided by the WhaleStats wallet tracker shows that over the past 24 hours, the top whales on the Ethereum chain have greatly increased their Shiba Inu stash, adding trillions of meme tokens to it.

$31 million worth of SHIB added to wallets

According to WhaleStats, over the past 24 hours, the USD worth of Shiba Inu, the second most popular meme coin in terms of market capitalization, spiked from $578,489,756 to $624,917,962.

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

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Image via WhaleStats

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Shibarium launch expected on Valentine's Day

As reported by U.Today earlier, lead developer of Shiba Inu Shytoshi Kusama added a text to his bio on Twitter that suggested that the final steps toward launching the beta version of Shibarium are being taken right now.

In that text, he mentioned a "heart-shaped box," in which Shibarium will be presented to the community. Many prominent SHIB accounts took this vague hint as the exact day of release — February 14, Valentine's.

On this news, both SHIB and BONE tokens surged in price. SHIB added nearly 6% in the past 24 hours, now trading at $0.00001211.

BONE is the token that will power transactions on Shibarium, it surged to a local high of $1.5, also adding new users to a total count of more than 28,000.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.