Shiba Inu (SHIB) Records Trillions In Whale Accumulation
The crypto market saw a massive recovery as whales grab the opportunity to buy the dip. Whales accumulated over 1 trillion Shiba Inu tokens in the last 24 hours, with trading volume also reaching to trillion. The move comes as the World Economic Forum invites Shiba Inu to work together as part of metaverse (MV) global policy.
As a result, the SHIB price soars almost 10% in the last 24 hours, with the current price trading at $0.0000090.
Shiba Inu Soars 10% Amid Massive Whale Accumulation
Shiba Inu’s core developer Shytoshi Kusama in a tweet on November 23 announced the World Economic Forum wants to work with Shiba Inu. Thus, Shytoshi Kusama created a poll to let the community decide whether Shiba Inu should work with the World Economic Forum on metaverse policy.
“We would be at the table with policy makers and would help shape global policy for the MV alongside other giants like FB (bye Zuck), Sand, Decentraland etc. And please don’t ask my opinion, you already know.”
Almost 63% have voted to work with the World Economic Forum, citing reasons such as increasing adoption and opportunity for SHIB. Meanwhile, most community members agree to first finish work on the Shibarium upgrade.
The move saw whales accumulating trillions of SHIB tokens. Recently, a whale scooped up over 432.30 billion SHIB and another whale added 1.29 trillion SHIB tokens.
Moreover, there have been a total of 134,952,334 SHIB tokens burned in 10 transactions in the past 24 hours. In fact, a single burn of 127,821,443 SHIB tokens was reported by ShibBurn.
SHIB Price Soars 10%
Shiba Inu (SHIB) price soars nearly 10% in the last 24 hours. The SHIB price is currently trading at $0.0000090. The 24-hour low and high are $0.0000082 and $0.0000090, respectively.
The trading volume saw a record 7.2 million percent jump as whales accumulated trillions of SHIB tokens. The SHIB price is reaching resistance near $0.0000092. If the price jumps over the level, SHIB will regain the $0.000010 level without much resistance.
- John Bollinger Sees ‘W’ Bottom Forming in Ethereum and Solana, Not Bitcoin
- Robert Kiyosaki Calls Bitcoin and Ethereum ‘Real Money,’ Urges Investors to Ditch ‘Fake’ Fiat
- ‘Sell Gold, Buy Bitcoin’: Expert Flags Major Market Bottom Signal
- Ripple Makes ‘Unusual’ $500M Transfer Amid $1 Billion XRP Treasury Plans
- ‘I’m Going Bonkers’: Dave Portnoy Says He’ll Buy XRP Again If It Dips Below This Level
- Solana Price Prediction: Analyst Notes Bearish Breakdown Amid Derivatives Slowdown
- Shiba Inu Price Eyes Recovery as Burn Rate Jumps 10,785% – Can SHIB Hit $0.000016?
- Ethereum (ETH) Price Prediction: Analyst Eyes $7,000 by Q4 as Bitmine Accumulates $281M ETH — Will History Repeat Itself?
- HYPE Price Teeters Amid Weak Technicals and Soaring Liquidations
- XRP Price Prediction As Ripple Announces $1B Treasury Plans – Is a Rebound Imminent?
- Bitcoin Price Prediction Amid Gold’s Parabolic Rally to Second-Largest Reserve Asset
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
