A mysterious whale is accumulating Shiba Inu (SHIB) in large amounts as the crypto project prepares a big ecosystem update.
The whale in question has added 384,570,786,965 SHIB worth $5.05 million in the last 10 days – and now holds a grand total of 19,420,099,565,898 SHIB worth $255.56.
The whale received the new trove of SHIB in a series of four transactions.
- 205,555,605,147 Shib Inu (SHIB) worth $2,703,056 sent from unknown wallet to unknown wallet
- 12,181,709,185 Shib Inu (SHIB) worth $160,189 sent from unknown wallet to unknown wallet
- 77,688,299,046 Shib Inu (SHIB) worth $1,022,378 sent from unknown wallet to unknown wallet
- 89,139,506,219 Shib Inu (SHIB) worth $1,173,075 sent from unknown wallet to unknown wallet
Shiba Inu is one of the most widely-held altcoins among Ethereum whales.
According to WhaleStats, SHIB is now the fourth most-held crypto asset among the 100 largest Ethereum whales in existence, behind ETH and the stablecoins USD Coin (USDC) and Tether (USDT).
The whale’s accumulation spree comes with the launch of Shiba Inu’s layer-2 blockchain Shibarium on the horizon.
The protocol is similar to scaling solutions like Polygon (MATIC), and will allow developers to build scalable dapps with custom tokens that can be traded using the crypto asset Bone ShibaSwap (BONE) for gas.
The protocol’s beta launch is set for next week.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Design Projects