Whale Purchases $1.72m of Shiba Inu (SHIB) Tokens
Author: Noah DavisThis news has been received with mixed reactions in the cryptocurrency space as it comes days after the top ETH whale "BlueWhale0073" purchased a whopping 311.99 billion SHIB tokens, valued at $3.32 million. This resurgence of interest by whales could be because of the recent developments in the Shiba Inu ecosystem, including the addition of support for SHIB tokens by Lithuanian-based neobanking institution block bank, and partnership with BinancePay and ivendPay to use SHIB as a payment method, at over 400 ivendPay-supported merchants.
Notwithstanding the developments, SHIB is still trading at $0.00001024, incurring a 1.34% reduction compared to the previous day’s trading volume of $130.30 million. This could be due to the market's uncertainty following the whale’s behavior and developments to the ecosystem.