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Shiba Inu Price Recovers as SHIB Returns Once Again Among Top 10 Tokens Purchased by Whales

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Tue, 1/02/2022 - 12:20
Shiba Inu Price Recovers as SHIB Returns Once Again Among Top 10 Tokens Purchased by Whales
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Blockchain data tracker WhaleStats reports that SHIB token is back on the list of the top 10 purchased tokens by the 1,000 largest Ethereum whales. Shiba Inu's price is attempting a rebound, up 4.62% in the last 24 hours at the present price of $0.0000218.

Shiba Inu holder count continues to grow, presently at 1,156,230, according to WhaleStats. Shiba Inu's top 100 whales have likewise increased their average SHIB balance by 29.43%, while the average SHIB value has grown by 38.63%.

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Analysis of Top 100 Shiba Inu Holders, Courtesy: WhaleStats

Amid the recent buy-in is that of Ethereum whale "Jiraiya," who purchased $1,072,473 worth of Shiba Inu (49,998,760,270 tokens). This brings SHIB holdings for the top 1,000 ETH wallets to be 13.06%, or nearly 55.4 trillion tokens, worth $1,200,560,581.

Shiba Inu recent developments

Shiba Inu has recently made its way into American political discourse. In a tweet, Senator Wendy Rogers of Arizona says that while she does not understand SHIB, she does understand freedom, stating that people should be able to buy whatever cryptocurrency they want.

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PlaySide Studios, Australia's largest independent video game developer, announced on Twitter that its relationship with Shiba Inu creators would extend beyond the release of a play-to-earn game. Not hiding its excitement, the gaming company claims that it is developing "something truly great."

Shiba Inu Games teamed up with PlaySide to develop a mobile game featuring non-fungible tokens (NFTs) from the "Shiboshi" collection in early December last year.

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