According to decentralised financial tracking tool Lookonchain, Shiba Inu (SHIB) has been making headlines with prominent personalities and anonymous entities alike making major movements.
According to recent statistics, “whale” investors, including Justin Sun, the inventor of Tron, have been significantly expanding their interests in SHIB.
A deep dive
One such example is a new wallet with the address “0xa656,” which took out $2.56 million, or 237.87 billion SHIB, from the well-known cryptocurrency market Binance.
This indicates that new investors are becoming more optimistic about SHIB’s future.
Two other wallets, “0xfa22” and “0xF17f,” which may be under the same investor’s control, have also amassed 850 billion SHIB for $7.57 million in total, adding credence to the idea that major investors are placing bets on the potential of this meme coin.
The SHIB ecosystem is in the green
Positive performance is now being experienced by the SHIB ecosystem. Over the previous day, there has been a 5.11% growth in the value of SHIB.
Concurrent tokens in the SHIB ecosystem, such BONE and LEASH, have also seen increases of 3.81% and 5.57%, respectively.
With the quick ascent of Shibarium and the emergence of new partnershibs, the ecosystem as a whole is presently going through a revival.
