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Shiba Inu Become Most Used Smart Contract by ETH Whales, Whales Resume SHIB Accumulation -Breaking

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Shiba inu Becomes Most Use Smart Contract by ETH Whales. Whales Resume SHIB Accumulation

The listing of SHIB was announced by Robinhood, an American cryptocurrency trading platform. This came after months of lobbying and waiting. After the listing saw an increase in whale activity.

Whales Make Shiba Iu Smart Contract The Most Popular

Shiba’s listing on Robinhood appeared to rekindle the interest from the 2,000 largest Ethereum wallets in the coin.

WhaleStats’ Ethereum wallet tracker revealed that Ethereum whales experienced a significant increase in SHIB. Shiba Inu now holds $12.9 Million worth of SHIB, making it the best-held coin among the 100 top ETH wallets.

In addition to this, Shiba Inu’s net flow on whale addresses increased by over 500% within a few days of Robinhood listing. This surge in whale activity led to Shiba Inu, (SHIB), becoming the most frequently used smart contract out of the more than 2,000 Ethereum wallets.

Recent accumulations have pushed the average balance for Ethereum whale addresses up to 2.36 billion SHIB tokens. Now, Shib is the 10th most active Ethereum whale address.

Shiba Inu, ETH Whale Metrics. WhaleStats

To The Flipside

  • The positive tendencies have not been replicated in Shiba Inu’s (SHIB) price as the coin falls by a further 7% in the last day.

This is the 24 hour price chart for Shiba Inu. Source: Tradingview

Why you should care

SHIB accumulation by whales is interpreted as a signal of bullishness for Shiba Inu.

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