Ethereum whales stockpile 534 billion SHIB, prompting modest increase in SHIB price
According to data from CoinMarketCap, Shiba Inu was posting modest gains in line with the latest crypto market relief rally. At press time, SHIB was trading at $0.00001080, up 3.32% in the past 24 hours. The crypto market faced selling pressure early in the week as investors were swayed by macro concerns.
WhaleStats reports that two Ethereum whales have loaded up nearly 534 billion SHIB in recent hours. This was done in three massive transactions.
The Ethereum Whale “Gimli”, ranked 248th according to WhaleStats, bought 187,000,000,000 SHIBs worth $1,991,550 in one fell swoop.
Earlier, top whale “Gimli” acquired 199,999,999,999 SHIB worth $2,075,999, which was also reported by WhaleStats.
The Ethereum whale “Gimli” mainly bets on SHIB, as a look in his wallet (address) reveals that Shiba Inu is his greatest possession. “Gimli” currently holds 391 billion SHIB in its wallet, worth $4,312,591.
In recent hours, the top ETH whale, “BlueWhale0159,” ranked 373rd according to WhaleStats, also grabbed a whopping 147,000,000,000 SHIB worth $1,556,730.
Shopping.io in talks with the Shiba Inu team
Shopping.io, an e-commerce website that allows users to buy and pay for goods with cryptocurrencies on major retailers such as Amazon, Walmart, eBay, and Etsy, appears to be in talks with Shiba Inu. Details of the discussion remained unknown at press time.
Indications regarding this surfaced when Milkshake, a Shiba Inu-focused Twitter account, tweeted on July 26 about a meeting with Shopping.io. The e-commerce website likewise shared this tweet as a seeming confirmation.
In follow-up tweets, Arbel ArifCEO of Shopping.io, commented, “Big things are coming to Shibtoken + shopping_io” in response to Milkshake’s tweet, explaining to a crypto user the essence of the meeting.
Interestingly, SHIB is among the tokens supported by Shopping.io., which leaves the question of what the nature of the upcoming partnership might be.
