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Ethereum (ETH) Whale Buys $1.2 Million Worth of SHIB Tokens from Shiba Inu

The price of Shiba Inu, a meme cryptocurrency, is falling, and huge Ethereum whales are taking advantage of the opportunity to invest in it.

Many of the world's most powerful ETH investors have placed a bet on Shiba Inu, which is expected to amount 105.7 billion SHIB when all is said and done, according to statistics from WhaleStats.

According to experts, a $1,211,473 investment by the ETH whale known as 'Light' might lead to a bull run in the cryptocurrency market. Whale tracking and on-chain analysis of the top 1000 ETH wallets, WhaleStats, posted the data on its official Twitter handle, leading to the discovery of the whale's purchase.

WhaleStats transaction tracing statistics show that the most recent transaction is the whale community's largest investment in SHIB coins yet.

shiba coin

Shiba Inu Projects That Are Currently Underway

Several new initiatives are in the pipeline for Shiba Inu. Dog DAO has already launched its first phase. They are developing Shibarium, the Shiba Inu Games, the Shiba Swap 2.0, and the new Shiba metaverse.

Shiba Inu recently announced that it would be launching 99,000 digital plots of land in its metaverse known as Shiberse. According to the SHIB team, a third of the total digital lands will only be accessible to individuals who own LEASH tokens.

Shiba Inu Dogs for Sale

Meme token Shiba Inu (SHIB) was trading at $0.00002444 at the time of this writing, down -0.79 percent. Known as the Dogecoin (DOGE) killer, the digital asset is ranked 14th on the CoinMarketCap trading website.

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