- Shiba Inu noted more than 8% upsurge in 7 days.
- Recent update by a crypto whales tracker shows that ETH Whales accumulated more than $600 million SHIB token.
WhaleStats, a crypto whale tracker, recently tweeted that the top 5000 Ethereum (ETH) Whales are holding more than $600 million in SHIB token. SHIB token became the “most traded token,” and holds “biggest token position by dollar value.” Meanwhile, the Uniswap (UNI) token is the “most widely held token,” according to WhaleStats.
According to WhaleStats, it “tracks up to 5000 of the largest Ethereum wallets (the “whales”), who are worth an average of $12,056,142 and hold an average of 6,881 ETH, 7 tokens, and 1 NFT.”
Shiba Inu Price Analysis
Shiba Inu (SHIB) price is currently trading at $0.000011 with a 24-hour trading volume of $320.80 million. Shiba Inu marked an upsurge 1.95% in the last 24 hours while its current market cap is $6.61 billion. In the last 7-days, Shiba Inu price was noted recorded at a high of $0.00001177 and low at $0.00001001. Meanwhile, in one-week, Shiba Inu price rose 9.31% but noted a nearly 18% decline in one month, according to CoinMarketCap.
Elon Musk’s Meme Tweet and Kusama’s Response
A recent tweet by Elon Musk gained the attention of Shytoshi Kusama, the pseudonymous creator of Shiba Inu. On March 18, Elon Musk shared another meme tweet: That looks like a changed text of a popular song “The Impossible Dream” by the Welsh singer and TV presenter Rhydian.
The Twitter CEO changed the first line of the song so that it goes as “To meme the impossible meme, to fight the unbeatable foe.” He also addressed that “message” to the artificial intelligence product ChatGPT, which he slammed as “woke” earlier this year multiple times.
Over this tweet by Musk, the lead of Shiba Inu, Shytoshi Kusama, responded with a tweet: “SHIBARMY?.” It seems as if he is suggesting that Musk was again suggesting his support of meme cryptocurrencies and SHIB this time in particular.
The recent update by Shib Army states that “a new restaurant, Shiba Wings, has launched in Surfers Paradise, Australia. The restaurant is the first Diner-type restaurant in Australia that will accept crypto as payment with the focus being on the Shiba Inu Coin.” Shytoshi Kusama called it “a great example of decentralization.”
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
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