Shiba Inu [SHIB], a dog-inspired cryptocurrency, amassed considerable interest when it first came out. While several degraded it as a mere meme coin, SHIB managed to amass a sizable following. This led to the asset forming relationships all over the world. With the start of 2022, SHIB’s global reach was underlined. As the network has grown, it has been perceived to be curating its own platform.
SHIB Informer took to Twitter and revealed that the Shiba Inu team was formulating a platform this year that would entail all things SHIB. The altcoin’s native tokens like LEASH and BONE along with Shiboshis would be a part of the imminent platform.
Further details pertaining to this platform are still under wraps. However, the news brought immense joy to the Shib Army.
ETH whales make big-money moves on Shiba Inu
After recording major uptrends over the last couple of days, Shiba Inu was taking a breather. During press time, SHIB was trading for $0.00002704 with no major daily changes in its price. Yet, the weekly gains of the altcoin remain at 16.65 percent.
Making use of its inert price, an ETH whale called Gimli went on to splurge. The ETH whale made not just one but two massive purchases. As part of the first transaction, Gimli bought a total of 271,370,420,624 SHIB tokens worth $7,286,295. During the second transaction, Gimli went on to buy 150,000,000,000 SHIB tokens worth $4,027,500.
Both these combined, the ETH whale purchased a total of 421,370,420,624 SHIB worth nearly $11,313,795 in a single day. Furthermore, this was the biggest purchase of the day.
Additionally, this massive purchase aided Shiba Inu in attaining a spot in the top 10 most purchased tokens by the 500 biggest ETH whales. SHIB stood as the fourth most purchased token after Stablecoins USDC, USDT and Ethereum.