Ethereum whales are on a Shiba Inu (SHIB) buying spree as the top 100 richest list is joining SHIB. In just one week, ETH whales bought a staggering 523 billion Shiba Inu tokens worth $12.67 million. Whales are aggressively stocking up on the token, sending a hint that something big could be at stake.
On March 21, ETH whale ‘Tsunade’ collected 51.44 billion Shiba Inu tokens worth $1.18 million. Tsunade is the fourth largest whale on the ETH rich list.
Furthermore, on March 24, another whale purchased 200 billion SHIB tokens worth a mind-boggling $4.9 million in a single transaction. As of last week, major ETH whales have to buy 251.44 billion SHIB tokens worth a staggering $6.08 million.
The shiba inu price is on an up-run this week after being down for almost a month. Although the token did not drop drastically in the indices, it traded sideways most of the days. However, his bull run has not started yet and could turn parabolic when an announcement is made on the Shibarium Launch.
Going back to launch, SHIB’s official handle posted a tweet about a big announcement on March 30. “ShibArmy, look, the world is full of things more powerful than us. But if you know how to take a walk, you can go places. Stay tuned for March 30. Wow!”
However, not many details about the announcement are revealed and the secrecy has made the guesswork work overtime. Several investors took to Twitter noting that the word “taking a ride” may refer to the Shiba Inu being accepted by Uber. Just a few weeks ago, Milkshake, the main SHIB influencer, had tagged Uber in one of her tweets. However, none of that is confirmed.
The Shiba Inu Way Forward
Shiba Inu have several launches this year including Shibarium, Shibosis NFT, John Richmond fashion show at Milan Fashion Week, ShibaNet, ShibaSwap 2.0 among others. Each development can sustainably increase the price of the token and attract a newer pool of investors.
At press time, the Shiba Inu was trading at $0.00002769 and is up +4.45% in 24-hour daily trading. The token is up +44200% in the last 365 trading days and saw early investors make a handful of gains. Even a trucker who invested just $650 in 2020 ended up making millions in return.