SHIBA INU whale buys 100 billion SHIB tokens for $3.8M following market dip

Whale has bought 100 billion Shiba Inu (SHIB) tokens for a whopping $3.8 million despite the market dip
Shiba Inu whale bought 100 billion SHIB tokens for $3.8 million. Credit: Isaac Kohane via Flickr

Key Takeaways

  • A rich Binance Coin (BNB) wallet has bought 100 billion Shina Inu tokens for $3.8 million.
  • The recent market dip has caused more whales to top up their SHIB accounts ahead of speculated coin burn.
  • Large travel booking website Travala starts accepting SHIB payments.

YEREVAN (CoinChapter.com) – Despite the latest dip in the cryptocurrency market, meme token Shiba Inu (SHIB) does not seem to lose its fanbase. On the contrary, the number of whale-tier wallets that hold SHIB has only increased. 

According to major Ethereum wallet tracker WhaleStats, the top 1000 Ethereum wallets hold over $2 billion worth of SHIB tokens. SHIB is currently present in more than 1 million wallets.

The second-largest Binance Coin (BNB) wallet has now bought approximately 100 billion SHIB tokens after paying $3.79 million for the lot.

According to BSCScan, the wallet also holds around $580,000 worth of Binance (BNB) tokens and 84 other ERC-20 tokens on the Binance Smart Chain network worth about $499 million.

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Shiba Inu to burn tokens ahead of Metaverse launch

Recent developments in the world of Shiba Inu have resulted in the meme token gaining more traction. 

According to Ryoshi, the developer of SHIB, there is a massive token burn scheduled in the coming weeks. Shiba Inu Core Developer team (SICD) is currently working towards developing a Shiba Inu metaverse, known as “Oshiverse.”

Shiba Inu’s founder has hinted that the burn is in preparation for the launch of Oshiverse, which he called the “future of gaming.”

 “We are working on so many aspects of Shiba Inu including Shibarium, Shi, Shibanet, The Decentralized Shiboshi Game, Incubator and much more that won’t become evident until the near future.” 

Ryoshi said.
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Shiba Inu partners with Australian game developer PlaySide Studios

In what comes as a more exciting development for those looking forward to Shiba Inu games, the company has partnered with PlaySide Studios, Australia’s largest video game developer. 

According to the official announcement, PlaySide Studios will develop a multiplayer collectible card game that the SHIB team plans to release on multiple platforms.

“Emerging technologies continue to pick up speed, and this is the ideal opportunity for PlaySide to work together in this area, expand our competence base and demonstrate our ability to grow,”  

PlaySide CEO Gerry Sakkas said about the partnership.
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Travel Company Travala accepts Shiba Inu (SHIB) payments

Binance-backed Travel booking platform Travala has announced it will accept meme-based cryptocurrency SHIB for bookings on its platform.

According to the announcement, SHIB beat rival Floki Inu (FLOKI) to join the original meme token Dogecoin (DOGE) on the agency’s payment system.

The announcement comes as a major endorsement for SHIB. Travala has over 2 million properties covering 90,124 destinations in 230 countries and territories on its website. Users can also start using SHIB to pay for their flight bookings on Travala.

However, despite all the positive developments, SHIB continues to underperform. The token has been down more than 30% in the past 30 days, allowing fans to buy the dip.

Only time will tell if these new developments will propel a massive SHIB rally in the months to come. 

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Shiba Inu, SHIBA INU whale buys 100 billion SHIB tokens for $3.8M following market dip

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