2.5 Trillion Shiba Inu (SHIB) Snatched Overnight By Top Whales, Here’s What Happened

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Yuri Molchan

SHIB whales continue to aggressively accumulate their favorite meme cryptocurrency

Contents

  • $31 million in SHIB added to portfolios
  • Shibarium launch expected on Valentine’s Day

Data from the WhaleStats wallet tracker shows that over the past 24 hours, the top whales in the Ethereum chain have significantly increased their Shiba Inu supply and added trillions of meme tokens to it.

$31 million in SHIB added to portfolios

According to WhaleStats, the value of Shiba Inu, the second most popular meme coin in terms of market cap, has risen from $578,489,756 to $624,917,962 in the past 24 hours.

This means that their combined SHIB stock has increased by 2,534,750,613,246 Shiba Inu. Thus, the meme coin continues to occupy the third place of top positions, after Ethereum and the USDT stablecoin.

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Image via WhaleStats

Shibarium launch expected on Valentine’s Day

As reported by U.Today earlier, Shiba Inu lead developer Shytoshi Kusama added a text to his biography on Twitter suggesting that the final steps towards the launch of Shibarium’s beta version are being taken at this time.

In that text, he mentioned a “heart-shaped box”, in which Shibarium will be presented to the community. Many prominent SHIB accounts took this vague hint as the exact day of release – February 14, Valentine’s Day.

On this news, both SHIB and BONE tokens increased in price. SHIB has added nearly 6% in the past 24 hours and is now trading at $0.00001211.

BONE is the token that powers transactions on Shibarium, it rose to a local high of $1.5, also adding new users to a total number of over 28,000.

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