A recent WhaleStats report revealed that a major Ethereum Whale has just made a massive purchase of 99,297,904,247 (99.29B) Shiba Inu (SHIB) tokens worth $1.05 million. Notably, Whale number 254, who goes by the name ‘BlueWhale0073’, was able to make the transaction in one go. The report also showed that Shiba Inu remains the top holding in dollar value for the 2000 largest Ethereum Whales, with them currently having a combined holding worth $606.55M.

The acquisition follows the recent partnership between Shiba Inu’s Metaverse project, International Women of Blockchain (IWB), and NowPayments, which seeks to promote women’s involvement in the blockchain industry.

Shiba Inu’s popularity can be attributed to the progress of its testnet, known as the ‘Puppynet’. The testnet currently has over 200,000 wallet addresses with 1,020,387 (1.02M) transactions recorded, making it one of the most successful testnets to date.

In addition, over 500 validators have now expressed an interest in joining the network, with Shiba Inu’s lead developer, Shytoshi Kusama, confirming the news. This is further evidenced by the successful launch of a new Shiba Inu Non-fungible Token (NFT) Twitter account known as Shiboshi, which within two days had already gained 1,521 followers.

Finally, Shiba Inu’s developers are massively reducing SHIB’s gigantic supply with the latest burning of 794,858,822 (794.85M) SHIB tokens through one significant transaction.

At the time of writing, Shiba Inu is trading at $0.00001057, down -0.89 percent compared to the previous day, with its 24-hour trading volume being $159,525,799 ($159.52M). It appears that the cryptocurrency is experiencing an overall trend of accumulation, which could lead its price to see further growth in the coming days.



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