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- Ethereum whales still have faith in the positive movement of SHIB price.
- As the crypto market is performing in its bearish phase, still the Ethereum whales have invested their 386 Billion into this.
Opposing the bearish market phase, whales have added billions of new SHIB tokens into their account. One of the famous whales, Gimli, has recently added 386 billion SHIB tokens earlier this week.
Why Whales Bought SHIB Tokens?
Even with the harsh time in crypto, what forces whales to buy SHIB tokens? It may be a sortie into the Metaverse. The developer of Shiba Inu shared the project progress of their metaverse and GameFi, last week. This will be under the leadership of game designer, William Volk.
Gimli proceeds its collective amount in the SHIB tokens. As per the report analysis of WhaleStats, the two of the well-known ETH Whales have bought a total of 533 billion tokens ($3.5 million).
While the Gimli itself added 386 billion tokens and the other ETH whale, BlueWhale0159 added 147 billion tokens.
From the list of wealthiest Ethereum investors, SHIB remains the most collected altcoin. While the other tokens that Whale owns, FTX token (FTT), Decentraland (MANA) and Polygon (MATIC) are also gaining the interest of ETH Whales.
If we take the current price update of SHIB Coin, then it is resting at the price of $0.000011 USD. And it is up 4.96% in the last 24 hours.
Other Coins In The Race
The other coins that are coming in the interest list of ETH Whales are ApeCoin (APE Coin), GALA and Smooth Love Potion (SLP). It is also noted that Whales are showing their interest towards the metaverse platform, ApeCoin. As this is performing at its high since the last two weeks.
As per increased interest of whales in ApeCoin, ApeCoin is currently performing at the price of $6.62 USD, with an increase of 13.81% from the past 24 hours.
However, GALA is resting at $0.050409 USD. And it must be noted that GALA is one of those cryptocurrency, that has lost the most in this bearish phase.
While Smooth Love Potion (SLP) is up 5.57% with the price of 0.004224 USD this week.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
