Shiba Inu [SHIB] was spreading its network across the globe. While several cryptocurrencies entail significant value and market cap, SHIB with its dainty price made its way to the top. 2021 was the year of SHIB. With multiple partnerships and endorsements, the asset was the face of crypto global adoption. Now, carrying the same fervor into 2022, SHIB caught the eye of a prominent nutrition company in Spain.
As per the Shiba Inu Army, Nutrymet, a nutrition and medicine company revealed that it would accept SHIB for payments.
From the food industry to real estate and now medicine, SHIB’s adoption is way beyond its nascent stage. All the community and investors are presently waiting for a significant rise in the altcoin’s price.
ETH whale pockets 271 billion Shiba Inu as price heads towards recovery
Following stagnancy and depreciation, the Shiba Inu community popularly known as the Shib Army was finally smiling. Investors were panicking and haters were trying to bring SHIB down. The dainty value of the coin emerged as a major concern to many. But not the whales. ETH whales continued splurging their money on the asset.
In a similar attempt, an ETH whale ended up spending nearly $6 million on 271 billion Shiba Inu tokens. Major movements were noted in the market following the sudden change in the market sentiment. WhaleStats alerted the community about this movement.
Furthermore, the entire market was painted green after a long time. With increased volatility, it was hard to speculate if this bullish trend would persist. The whales seemed to be positive though. The above purchase most likely had an influence on Shiba Inu’s price as it recorded a daily surge of 3.35 percent.
Additionally, during press time, Shiba Inu was trading for $0.0000225. The daily trading volume of SHIB was $771.4 million.