‘Tis the season to get some Shiba Inu
The holiday season is right around the corner and Shiba Inu has made it to the wishlist of many crypto hodlers. Following this demand, prominent crypto exchange Huobi has announced margin trading for Shiba Inu [SHIB] along with Terra [LUNA] and Solana [SOL].
As per the official announcement by the cryptocurrency exchange,
“Huobi Global has added the following assets and trading pairs to the Margin Trading platform:
Cross Margin:
New Margin Asset: SHIB, LUNA, SOL
New Margin Trading Pairs: SHIB/USDT, LUNA/USDT, SOL/USDT
Leverage Ratio: 3X”
Huobi was not the only one taking note of Shiba’s growing community. NiceHash, a prominent mining and crypto trading platform also answered crypto users’ question, ‘When $SHIB?’
This listing was in response to a poll carried out by the platform asking users about the preferred crypto between Shiba Inu [SHIB] and Stox [STX]. With 97.4% votes, SHIB won this competition without questions.
Following the listing hype, CoinJar, the longest-running Australian crypto exchange also listed Shiba along with six other tokens. The crypto exchange now lists 48 cryptos with a massive 400,000 registered users.
As the demand for Shiba Inu rises, the whales were acting as a catalyst to create a $200 million demand. Data from WhaleStats, more than $1.4 billion worth of tokens held by whales. These whales were now anticipating better returns after the 22% rise witnessed recently.
The price was northbound prompting whales to purchase nearly $200 million worth of tokens in less than a week. This brings the total whale holding to over $1.8 billion; $300 million more short to break the previous all-time high record.
As the whales continue to shower support and get their hands on SHIB, the crypto holders must be careful of correction given the high volatility.