ETH Whales Mass Adopt SHIB Tokens, Eyes Smashing DOGE Soon

Blockchain-based Shiba Inu (SHIB) rocked the crypto space once again as big-time investors mass adopted its token. Interestingly, two Ethereum whales decided to invest in SHIB, which made the network accumulate the amount of over $23 million. Indeed, this is proof that the SHIB network increases its influence globally.

This made crypto enthusiast WhaleStats – BabyWhale react in tweet post,

The tweet talked about the whale who bought SHIB. “ETH whale “Gimli” just bought 442,637,867,858$Shib ($11,561,701 USD),” WhaleStats – BabyWhale stated. Furthermore, the other whale bought almost the same amount that Gimli did with $11.9 million. The purchases made by these whales impacted the performance of the crypto. As a result, the crypto successfully recorded a 24-hour growth rate of +2.4%.

Meanwhile, the SHIB network keeps establishing partners outside the crypto space to expand its marketing reach. The partnership with John Richmond is one of the latest partnerships that SHIB did to expand its reach in the fashion industry. Furthermore, Shiba Inu took to the streets of the fashion capital Milan as a promotion of the meme-based token’s partnership with Haute couture brand John Richmond.

At the time of writing, Shiba Inu trades at a decent price of $0.00002565 with a growth rate of almost +20% in the past 30 days. In addition, it has a huge market cap of more than $14 billion. The crypto is a few billions away from flipping Dogecoin.  Moreover, SHIB is one of the top 14 cryptos in CoinGecko.