Project Shiba Inu represents a major competitor to the king of the meme coin DOGE. Demand for this token does not seem to be slowing down and is beginning to arouse interest among large players as well.
Shiba Inu arouses interest
A few days ago, the International Business Times reported that an anonymous whale bought on Thursday 6 trillion SHIB tokens and then added more 276 billion! That’s a really respectable number.
🐳🐳 An SHIB whale just bought 6,178,758,122,373 $ SHIB ($ 43,838,916 USD)
– WhaleStats.eth – tracking the top 1K ETH wallets (@WhaleStats) September 30, 2021
Of course, such a huge purchase was also influenced by the price development itself. The SHIB token increased during this time by 7%. At the time of writing, the price of SHIB was at 0.000009 USD.
The most interesting thing about a whale that bought SHIB tokens is that they are currently under the portal whalestats in the whale’s wallet finds exactly zero Shiba Inu tokens.
The main competitor for Dogecoin
Interest in this project began to grow significantly after the SHIB token was added to the platform eToro. Recently, the interest was fully expressed again, as the coin was placed on the platform Coinbase Pro and WeBull. It will be really interesting to watch this project, especially compared to the weakening Dogecoin.