A Shiba Inu (SHIB) whale, who has been holding the cryptocurrency since 2020, currently possesses 10% of the total SHIB supply, valued at $2.5 billion. This massive holding grew from an initial investment of about $10,000 worth of Ethereum. Over time, the whale has distributed their SHIB into hundreds of addresses to maintain anonymity. Despite holding such a significant amount, the whale is not suspected to be a short-term trader but rather a long-term supporter of the Shiba Inu ecosystem, potentially linked to community initiatives
This wallet's prominence showcases SHIB's rise from a meme coin to a major player in the crypto market. Additionally, the broader SHIB ecosystem benefits from token burns and its Shibarium layer-2 network, which enhances scalability and adoption
#coin list #coin listing #ico presale #ico new #crypto news
#ico updates
The latest cryptocurrency news, events, and ico updates are provided by icograb.