Ethereum whales are on a Shiba Inu buying spree as the top 100 rich list is going all-in on SHIB. In just a week, ETH whales purchased a staggering 523 billion Shiba Inu tokens worth a whopping $12.67 million. The whales are aggressively stocking up on the token sending a hint that something big might be on the cards.
On March 21, ETH whale ‘Tsunade‘ picked up 51.44 billion worth of Shiba Inu tokens worth $1.18 million. Tsunade is the 4th biggest whale on the ETH-rich list.
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Also, on March 24, another whale purchased 200 billion SHIB tokens worth a mind-blowing $4.9 million in a single transaction. Since last week, the top ETH whales have to purchase 251.44 billion SHIB tokens worth a staggering $6.08 million.
Shiba Inu’s price is on an upward sprint this week after being down for close to a month. Though the token did not dip drastically in the indices, it traded sideways for most of the days. However, its bull run is yet to kickstart and could go parabolic when an announcement about the Shibarium launch is made.
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Coming back to the launch, the official handle of SHIB posted a tweet about a big announcement on March 30. “ShibArmy, See, the world is full of things more powerful than us. But if you know how to catch a ride, you can go places. Stay tuned for March 30th. Woof!”
However, not many details are revealed about the announcement and the secrecy has made the guessing mill work overtime. Several investors took to Twitter highlighting the word “catch a ride” can be referenced to Shiba Inu being accepted by Uber. Just a few weeks ago, top SHIB influencer Milkshake had tagged Uber in one of her tweets. However, none of it is confirmed.
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Shiba Inu: The Way Forward
Shiba Inu has multiple releases this year which include Shibarium, Shibosis NFTs, John Richmond fashion show at the Milan Fashion Week, ShibaNet, ShibaSwap 2.0 among others. Each development can scale up the token’s price sustainably and bring in a newer set of investors into its fold.
At press time, Shiba Inu was trading at $0.00002769 and is up +4.45% in the 24-hours day trade. The token is up +44200.7% over the last 365-trading days and made early investors reap a handful of profits. Even a truck driver who invested a mere $650 back in 2020 ended up making millions in return. You can read the story of his rags to riches here.