SHIB community states that multiple crypto whales have been purchasing large amounts of Shiba Inu in the past 14 days
PAC Protocol CEO David Gokhshtein has taken to Twitter to announce the news reported by U.Today over the weekend: a crypto whale has been grabbing trillions of SHIB since Thursday.
Multiple whales are buying up SHIB
In the comment thread, one SHIB activist tweeted that multiple whales have been buying Shiba Inu over the past two weeks. The largest purchase so far has been worth $46 million—approximately six trillion SHIB.
There's been multiple whales over the last 2 weeks. Highest was $46 million I believe.
You all that are sleeping on SHIB are highly misinformed. Regrets pic.twitter.com/vhsiivYpGj— $Sh!b Na$ti (🏅-G3n3r4l) (@NastyShib) October 3, 2021
This jaw-dropping amount of SHIB was purchased on Thursday, according to Twitter profile @WhaleStats.
Later on, on Saturday, the same whale acquired 276 billion SHIB in three massive lumps: 116 billion, 159 billion and an extra billion SHIB. The transactions were made within just a few hours of each other.
Earlier this year, whales made substantial purchases of Shiba Inu several times as well: in the summer, when SHIB was added by the eToro platform, listed by WeBull and Coinbase Pro, and in September, when Coinbase launched SHIB trading.
Now, the community is hoping that the Robinhood app will also choose to add the SHIB meme currency soon. One of the reasons for that is the platform’s announcement to start testing cryptocurrency wallets in October. Besides, the petition on Change.org that asks for SHIB to be listed by the app team has already collected almost 200,000 signatures.
Canine coins stop responding to Elon Musk’s tweets
Earlier today, the richest person in the world, Elon Musk, head of Tesla and SpaceX and co-founder of PayPal, tweeted a picture of his Shiba Inu puppy named Floki.
He had announced the posting of his dog’s picture in advance. Still, the canine coins—Dogecoin, Shiba Inu and Floki Inu—have hardly risen on that tweet. This may be a sign of Elon Musk’s fading impact on the prices of these meme cryptocurrencies.
The same occurred in 2021 when Musk tweeted memes about DOGE; the coin’s price hardly reacted to that. In previous years, Musk’s tweets have been the main catalysts for Dogecoin’s growth.
SHIB nearing an all-time high
- Robinhood has added Shiba Inu in its business study.
- The token rose over 20% following the progress.
The Shiba Inu (SHIB) token has seen a recent spurt of activity. So, we may be witnessing the beginning of what could become another historic bull run. Additionally, the Robinhood application is contemplating listing this cryptocurrency on its exchange platform. As a result of these rumors, the price is further surging towards an ATH.
Robinhood has sent out survey emails to clients who bought cryptos in the last three months.
The inclusion of the coin as a survey question despite not being listed for dealing on Robinhood’s platform is a positive sign. It shows that the company is carrying research on the token and getting closer to listing it.
SHIB spikes over 20% in 24 hours
As investors clamored for more tokens, the value of Shiba Inu rose by over 20%. This has been shown by the trade mass increasing from $1.22 billion in two hours and reaching three Billion within that period. Currently, the coin is slightly down, about 16%. In part, you can attribute this to its current run-up following an initial dip back near an all-time high at $0.00003888 in May.
The release of 10,000 Shiboshi NFT further saw many clients scramble to make purchases. This new market has, in turn, pushed the price of the token much closer to an ATH.
Own chain launch effect
The Shiba Inu community is currently in the testing phase of its blockchain. That’s according to the Volunteer Project Lead at Shibium Corporation Kusama. Members within the crypto space and other sources as well have confirmed this.
Reportedly, the blockchain will be a layer-2 Ethereum scaling solution. When complete, it’ll hold the token as its native platform token. And thus help change ShibaSwap’s woofing system, which has become too expensive.
Moreover, Shibaswap will be hosting projects just like Polygon, which will grow trading sizes and liquidity. The chain also has plans for dApps of all types, including games wallets or even NFTs.
With this progress, more clients are increasing their ownership stake. The increase in purchase probably drives the cost higher towards the ATH.
OKex poll for leash effect
Three days ago, OKex called on memecoin believers through a tweet to vote for their favorite memecoin for listing on their platform. Shiba Inu was among the tokens listed for voting, and the only need was for the coin to get 5000 votes.
The voting process opened three days ago and stops today, October 24
You must deposit more than 10 USDT in a single transaction of one token competing in this voting competition to cast your vote. OKEx will then record those two highest-scoring candidates as winners, listing their corresponding token(s).
The Shiba Inu spirit has been running rampant in the cryptocurrency world recently. The development has further drawn their token to light, which afterward attracted more investors and market support. The token is now available on a significant Turkish exchange, and it has received approval for listing by ZebPay.
Again, the Shiba Inu community is rising in popularity, with over 760 thousand holders. At the same time, the token has further begun swapping on Public.com. The Robinhood tease is also playing a role in exciting the coin further.
Shiba Inu to the Moon: SHIB Records New Groundbreaking Feat
- Shiba Inu reaches a new all-time high.
- SHIB is ready to join the league to the top 10 cryptos.
- SHIB rose by 47.2% and trades at $0.00004157 in the 24 hours.
Shiba Inu is gradually taking the center stage among other memecoins. The speculations, media, and buzz surrounding crypto is adding to its surge. Just when we thought the meme coin wouldn’t survive like Dogecoin (DOGE), it keeps exceeding lots of investors’ expectations. At the time of writing, the Shiba Inu (SHIB) gained over a 47.2% increase and trades at $0.00004157 in the 24 hours.
Of note, the bullish position of the coin attests to its popularity and its subsequent move to break new heights. At the moment, Shiba Inu is surging in the crypto market, thus, rising tremendously. Likewise, a week-long media bustle around the memecoin sees it jump from $0.00002796 to a new all-time high.
All around, it is exciting in the crypto space as Bitcoin and altcoins are hitting new ATHs and deflecting negative tales voiced by some crypto critics. Though, some memecoins are gaining more traction and even pushing some of these major cryptos off the cliff.
The crypto world is emerging, evolving, and moving toward being not just crypto but also a currency that the entire world will embrace soon. The last couple of days have been well off for Siba Inu. Furthermore, Elon Musk’s recent tweet of a text art image of a pup with a rocket ship triggered a rise in Shiba Inu’s price. As much as the image didn’t indicate he was talking about Shiba Inu, still, SHIB’s price went up 21%.
Not to mention, SHIB is truly living up to its nickname as the “Dogecoin Killer.” Most of all, Shiba Inu has garnered lots of attention since its debut in August 2020 and has incurred more than 5,130,000% with a circulating supply of more than 498 trillion. So far, a good number of crypto exchanges now allow users to buy and trade the 11th largest crypto according to Coingecko.
For good measure, the team behind Shiba Inu launched a decentralized exchange ShibaSwap in July 2021. For this reason, some attribute the current status of SHIB to the foregoing. Distinctly, Shiba Inu’s team continues to build more use cases for SHIB. An initiative that aims to sustain its longevity, and value, and dispel crypto analysts’ claims about memecoins.
Equally, the hype around Shiba Inu is not stopping at any moment. This is because it successfully captured the minds of prominent crypto enthusiasts, celebrities alike. Alongside this, its tight-knitted community, adoption as a form of payment, and the entire team of Shiba Inu working round the clock to make the crypto more valuable will make the crypto much likely to survive.
Even more, Shiba Inu needs no introduction again as the crypto keeps making a name for itself. Thus, moving away from the shadow of Dogecoin and in motion to join the top 10 cryptocurrencies. According to Coingecko, SHIB stands at the 11th position, swiftly marching to get to Dogecoin (DOGE) which stands at the 9th position.
Shiba Inu Gears to Flip Dogecoin Anytime Soon
- SHIB might flip DOGE anytime soon.
- Countries accept SHIB as their mode of payment.
Shiba Inu (SHIB) continues to make noise that can be heard in all corners of the crypto world. In detail, SHIB has been aggressively increasing its market position in the past few days. At the time of writing, SHIB has recorded a 24-hour trading volume of almost $6 billion. This achievement of SHIB made crypto analysts think that maybe sooner or later SHIB can flip DOGE.
This made Watcher.Guru, a crypto enthusiast react in a tweet post:
This post made by Watcher.Guru gathered over 6k likes and 1k shares on Twitter. Furthermore, it also collected a lot of different opinions about SHIB’s possibility of flipping DOGE. There are some that agree and some that don’t, while some remain neutral.
Regardless, SHIB remains one of the top 15 crypto assets in CoinGecko. In addition, it has a market cap amounting to almost $18 billion. Through this, we can truly say that the SHIB army continues to walk strong and stand tall despite the challenges in the crypto world.
On the other hand, some countries are beginning to adopt SHIB as their mode of payment for goods and services. The country of Venezuela is one of the countries in the world where some of their shops accept SHIB as their mode of payment.