Shiba Inu: New Whale Buys 1.2 Trillion SHIB for $11.7M

Shiba Inu’s (SHIB) popularity does not seem to take a hit even when the token has fallen by many percentage points over the year. The number of new holders continues to increase. Recently the project added 50,000 new holders, even when the markets were extremely bearish.

Recently a newly born Shiba Inu (SHIB) whale purchased nearly 1.3 trillion SHIB tokens worth $11.7 million. The wallet instantly became the 46th largest SHIB whale with just one transaction.

Source: Etherscan.io, The Crypto Basic

Another whale, which is the 77th largest SHIB whale, picked up an additional 432 billion SHIB tokens worth $3.8 million. The whale currently holds around 524.3 billion SHIB tokens worth $4.74 million.

Source: Etherscan.io, The Crypto Basic

The two enormous Shiba Inu owners have so far amassed a total of 1,729,235,724,962 (1.72T) SHIB, which is equal to $15.6 million. 

Why the renewed whale interest in Shiba Inu?

The whale interest may stem from the World Economic Forum (WEF) announcing that it would like to work with the SHIB team to help shape global metaverse policy. The WEF is one of the largest economic organizations in the world. The possibility of a partnership might have spiked the sudden interest.

SHIB developer Shytoshi Kusama even took the matter to a vote to see what the community wanted. A majority of the people (62.3%) voted for the SHIB team to work with the WEF.

Furthermore, Shiba Inu (SHIB) has just announced another exclusive deal for its partnership with Travala. Although the booking platform added support for the popular canine-themed crypto back in December 2021, the latest deal involves users getting travel credits upon using SHIB tokens to make bookings.

SHIB has seen a lot of adoption even in the bear market, which is a testament to its popularity among retail users. At press time, SHIB was trading at $0.00000911, up by 0.8% in the last 24 hours.

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